(Salt Lake City, UT) – Legislation to reduce the state income tax is heading to the Utah House after it cleared the Senate Friday. SB 59 reduces the income tax to four-point-eight-five-percent, which is a tenth-of-percentage point less. Republican State Senator Dan McCay argues the cut will give Utah families […]
(Salt Lake City, UT) — A proposed reduction in Utah’s state income tax rate is advancing in the Senate. The bill’s sponsor, state Senator Dan McCay, told a Senate committee that the reduction of the rate to four-point-eight-five percent is meant to put money back into taxpayers’ pockets. The Revenue […]
(Salt Lake City, UT) — The Utah Senate plans to seek a small cut in the state income tax rate. Senate Republicans announced yesterday that they will work to cut the tax rate from four-point-nine-five to four-point-eight-five-percent before the end of this year’s regular session. Some senators had expressed support […]
On Dec. 6 President Adams and Speaker Wilson released a statement on the tax reform effort. They stated that they support the Governor’s request to raise the planned tax cut form $80 million to $160 million. In the statement they said “we want to commend dedication Utahns, businesses and policymakers […]
