Pros and cons of the Utah Legislature holding a special session in July to consider the tax surplus were examined in a report released Monday by the Utah Foundation, a private tax research organization.

Gov. Norm Bangerter called the session and proposed that the Legislature return $80 million of Utah's estimated $110 million tax surplus to the taxpayers, give $10 million to education and place $20 million in a rainy day fund.According to the report, those in favor of the special session feel Bangerter's plan of giving the $80 million back in a cash rebate this summer would return the surplus to the taxpayers earlier and boost Utah's economy. In addition, the session would allow the Legislature to make changes in income tax laws and address taxpayer complaints.

The report said opponents feel the session is unnecessary because existing law provides for the return of income tax surpluses through tax credits and rate reductions.

Opponents also say there is no assurance that the Legislature will follow Bangerter's recommendations, and taxpayers may actually receive less money.