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Tag: Income Tax

Lawmakers Consider Slashing Income Tax

Lawmakers Consider Slashing Income Tax

(Salt Lake City, UT) — Utah lawmakers are considering a tax cut as they prepare for the 2022 general session. Senate Majority Leader Evan Vickers is pushing a bill that would lower the income tax rate for individuals and corporations from the current four-point-nine-five-percent to four-point-nine-percent. That would amount to […]

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Income tax could pay for more than education under new plan

Income tax could pay for more than education under new plan

SALT LAKE CITY (AP) — Income tax money can only be used for education in Utah, but lawmakers are now introducing a complex proposal to change that in hopes of shoring up the state’s shrinking sales-tax base. The Deseret News reports the plan announced Wednesday would allow income tax to […]

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Utah governor calls special session to decide on tax reform

Utah governor calls special session to decide on tax reform

SALT LAKE CITY (AP) — The Utah Legislature has announced plans to tackle tax reform in a special session after receiving the recommendation from a legislative task force this week. Officials say Republican Gov. Gary Herbert has formally called a special legislative session Thursday at 5 p.m. to decide on […]

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