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Utah Senate passes $160 million income tax cut; advocates say it s not enough – St George News stgeorgeutah.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stgeorgeutah.com Daily Mail and Mail on Sunday newspapers.
A proposal to cut Utah’s income tax rate got its first hearing in a legislative committee Wednesday. Senators supported the measure on a party-line vote, with Republicans voting in favor.
A bill to cut Utah’s income tax rate from 4.95% to 4.85% is headed to the full Senate. But the debate over how lawmakers should spend $160 million already set aside for tax relief in 2022 continues, with talks about increasing that amount to $200 million.
A panel of Utah lawmakers on Wednesday gave early approval to a bill that would drop Utah s income tax rate to 4.85% with a price tag of about $160 million a year.