Libertas Utah Articles

Going into the 2021 session, legislative leaders were committed to a tax cut of at least $80 million, but that number ended up being closer to $100 million. Though there were proposals for a broad income tax rate cut, the Legislature settled on three targeted income tax cut proposals.
West Virginia’s Cardinal Institute proved instrumental in ushering House Bill 2221 through their state legislature before receiving Governor Jim Justice’s signature. West Virginia now joins several other states that have created industry-specific sandboxes, helping innovative businesses avoid problematic or outdated regulations.
The PRO Act may strip hard-working Utahns of jobs altogether. After the implementation of AB 5 in California (which the PRO Act is modeled after), thousands of people were simply let go from their contract jobs instead of being hired as employees.
Known as a “regulatory sandbox,” this new legal option allows business owners to seek shelter under a one-year program (with a one-year extension option), which would suspend a law or regulation that stands in their way, while regulators closely monitor the business to ensure everything remains safe.
There's so much work to be done and a ton of opportunity! We're glad these new colleagues are part of the team and excited to continue working with an all-star cast of characters who share my passion for changing the world.
As applied to legal systems, a regulatory sandbox is an approach where a company can offer its products and services under the suspension of a particular law or regulation that might have otherwise inhibited it — and the concept is catching on in America.

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