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Senate approves tax credit for low‑income seniors’ prescription costs
Summary
The Utah Senate passed Senate Bill 99, a tax-credit measure aimed at helping low‑ and moderate‑income seniors cover prescription drug costs. The credit equals prescription spending above 5% of household income, capped at $600; senators debated the bill’s fiscal note before approving it, 26–3.
The Utah State Senate approved a tax-credit program intended to offset prescription drug costs for some seniors.
Senate Bill 99, sponsored on the floor as a senior‑prescription tax credit, would allow a credit equal to the amount prescription outlays exceed 5% of a household’s income, up to a $600 cap. “The purpose of this bill is to provide a small rebate to those senior citizens who are on a low‑ to moderate‑income,” the…
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