Deseret News
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Kristin Murphy, Deseret News
SALT LAKE CITY Though it’s been floated as an idea for the 2021 session, legislative leaders aren’t promising an across-the-board income tax rate cut this year, but they are aligned on reducing taxes in other ways.
House Speaker Brad Wilson, R-Kaysville, and Senate President Stuart Adams, R-Layton, won’t say an income tax cut is “off the table,” but as of Friday it’s not a direction they’re heading.
“Nothing is ever off the table until the last bill is run through the process,” Wilson told reporters. However, he added, lawmakers seem to be “coalescing” around legislation to cut Social Security and retired military income taxes, as well as expand the state’s current dependent exemption.
With the passage of SB1, the Utah Legislature funded not just ongoing operations for Utah’s public schools, but also a 6% weighted-pupil unit increase, inflation, student growth and $1,500 teacher bonuses.