SALT LAKE CITY Utah lawmakers on Monday moved to give final legislative approval to a $100 million tax cut package that would benefit some families with children, veterans and senior citizens.
With their passage Monday, two of those bills now go to Gov. Spencer Cox for his consideration. One is awaiting final concurrence in the Senate.
The House voted 70-2 to approve Sen. Lincoln Fillmore s SB153, which would set aside nearly $55 million to expand the dependent exemption that was lost in federal tax changes in 2017 and caused a tax increase on many Utah families. SB153 would reduce taxes for over 388,400 taxpayers by an average of $140 a year, according to the bill s fiscal note.
2 of 3 tax cut bills for seniors, veterans, families get final OK deseret.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deseret.com Daily Mail and Mail on Sunday newspapers.
Robert Gehrke: Utah lawmakers opted for a tax break for the well-off instead of helping the working-class
(Francisco Kjolseth | The Salt Lake Tribune) Robert Gehrke.
| Feb. 28, 2021, 1:00 p.m.
If you really want to see a Republican legislator’s eyes light up, talk about tax cuts the thrill of a half a percent reduction and love of a rebate finish somewhere between family and guns on their list of true loves.
It consists of two major pieces: First, they want to address changes in the Trump tax bill that ended up increasing the burden on some Utah families. Second, they want to give a tax break to retirees and to those receiving military pensions.
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