Although it s taking place thousands of miles away, Russia s invasion of Ukraine hits differently for Utahns who have family members fleeing the violence.
A bill to give Utahns a $193 million tax cut \u2014 including a $163 million income tax rate reduction \u2014 has won final approval from lawmakers.\n\n
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.