SB 206: A Responsible Income Tax Cut
This bill would provide for a one-time $256 million income tax cut that would be made permanent if income tax receipts continue to grow at a steady pace.
Where has Utah’s Tax Reform Landed?
UPDATE: This article now reflects the final Senate Bill 2001, that was passed in special session on December 12, 2019. The following is a commentary on the tax reform proposal passed out by the Tax Restructuring and Equalization...
What is Going On with State Taxes?
We will leave discussions about your withholdings to your tax accountant, but we can try to help you understand what has been going on with state taxes in Utah.
Utah Sales Tax Reform: Better Now Than Later
As the economy continues to become more service-oriented rather than goods-oriented, Utah needs to adapt by taxing services and reducing overall tax rates. The result could mean a net win for Utah taxpayers—something for which we...
HB 385: Holding Utahns Affected Negatively By Tax Cuts Harmless
This bill sets up a mechanism by which Utahns who are going to be paying additional state income tax can instead receive those funds back by way of a credit.
HB 355: At Last, A State Income Tax Cut
This bill lowers the state individual and corporate income tax rates down from 5% to 4.925%, resulting in an $80 million tax cut for Utahns.