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Committee sends reduced income tax cut to next stage after divided public comment
Summary
The committee adopted a first substitute to HB106 cutting Utah’s individual income tax rate from 4.55% to 4.5% and passed the substituted measure with a favorable recommendation after extended debate and public testimony both for and against the reduction.
The House Revenue and Taxation Committee approved a first substitute to HB106 and then voted to pass the substituted bill with a favorable recommendation.
Representative Christofferson, the bill sponsor, described the proposal as “very straightforward,” saying the first substitute halves the original proposed cut and reduces the individual income tax rate from 4.55% to 4.5%. “The substitute just cuts the income tax cut in half,” he said.
Public testimony split along fiscal lines. Corey Holdaway of the Utah Public Employees Association urged caution, warning that continual revenue…
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