Utah lawmakers roll out historic tax relief with $400 million tax cut proposal – 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.
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.
Deseret News
Share this story
Spenser Heaps, Deseret News
SALT LAKE CITY Most Utahns want this year’s extra revenue in the state’s coffers to be pumped into education, while an across-the-board income tax cut comes in as a close second.
A new Deseret News/Hinckley Institute of Politics poll found 34% of residents want the Utah Legislature to spend the budget surplus in education, while 28% said they want an income tax cut for all wage earners.
A smaller number of Utahns want the money spent in other ways, with 11% wanting a more targeted income tax cut for senior citizens, 10% wanting the money to go toward infrastructure investments, 9% for economic development and 2% for an income tax cut rate for military personnel.
The three bills would provide tax relief to families with children, veterans and seniors, but not all Utahns as legislative leaders meeting in Salt Lake City have said an across-the-board income tax rate cut is unlikely this year.