Utah State Legislature Passes Tax Reform Bill
SALT LAKE CITY, Utah – The Utah State Legislature passed a tax reform bill lowering state income tax while raising sales taxes on food, gasoline and other services in a special session Thursday night.
Speaker of the House Brad Wilson and Senate President J. Stuart Adams released the following statement Thursday night:
“Earlier this evening, the Utah Legislature passed significant tax reform legislation. The bill includes targeted credits for lower-income individuals and families, as well as a $160 million tax cut in ongoing funds and $88 million in one-time funds that Utahns should see reflected in their take home pay in early 2020. We express our appreciation to the many citizens, lawmakers and other community stakeholders who contributed to this tremendous effort. These critical changes to our tax structure will ensure a bright and prosperous future for our state.”
Gov. Gary Herbert also released a statement Thursday night:
“I commend the legislature for their courage and forward thinking in working to address the difficult issue of tax reform. The bill they passed this evening takes measurable steps toward improving the stability and equity of our tax system. We have meaningful work yet remaining. However, these steps will improve the future of our state and its people. I look forward to signing it.”
This is a developing story. It will be updated as new information becomes available.