tax cut

Proposed Tax Cuts Are the Utah Way

Tax cuts move the dial away from government overreach while protecting citizens and increasing incentives for businesses. It is clear that tax cuts fall in line with the “Utah way,” which has made the state successful for decades.

Ben Shelton
| 8th Feb 2022

2022 Bills

SB 59: Income Tax Cuts

This bill will amend the corporate franchise and income tax rates, amend the individual income tax rate, and exempt certain pieces of personal property from sales and use tax.

Libertas Institute Staff
| 2nd Feb 2022

2021 Bills

A Mix of Tax Cuts for Utahns in 2021

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.

Michael Melendez
| 4th May 2021

2021 Bills

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.

Libertas Institute Staff
| 23rd Feb 2021

2018 Bills

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.

Libertas Institute Staff
| 20th Feb 2018

2018 Bills

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.

Libertas Institute Staff
| 16th Feb 2018

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