This bill clarifies that land dedicated to urban farming qualifies for agricultural tax treatment if it generates at least $1,000 in annual gross sales per quarter-acre.
These bills represent steps Libertas is taking in the realms of technological innovation, privacy, education, occupational licensing, local government, and criminal justice.
For Utah lawmakers interested in making a difference for small businesses and consumers, the answer looking forward is simple: Stop offering tax subsidies to big corporations.
The earning potential for an individual in the middle of their career is much different than that of a retiree. Income drops and becomes fixed instead of steadily increasing. This leads to homeowners who are “house rich” and “cash poor” — in a home, but unable to afford the rising taxes that are annually owed.
The Utah Legislature is considering two bills this session to address this issue.
