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House defeats bill to require quarterly estimated state tax payments from certain self‑employed taxpayers
Summary
Lawmakers rejected House Bill 5,006, which would have required many self‑employed Utahns to make quarterly state estimated tax payments and—sponsor said—bring roughly $50 million into FY2003. Opponents argued it burdens small businesses and merely shifts timing of tax receipts.
House Bill 5,006 died on the House floor after extended debate on whether the state should require certain self‑employed taxpayers to remit quarterly estimated state income tax payments.
Representative Jackie Biskupski, the bill sponsor, told colleagues the measure would require some self‑employed filers (excluding federal definitions of farmers and fishermen and applying only above a $2,000 threshold discussed on the floor) to file quarterly and…
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