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Senate adopts substitute for SB102 to neutralize unintended state tax changes from new federal credits
Summary
Senate adopted a substitute to Senate Bill 102 to prevent federal child and education tax credits from unintentionally increasing Utah state income tax liabilities and to prevent future budgets from assuming federal tax changes as automatic revenue; sponsors cited an $8 million fiscal implication.
Senators adopted and circled a substitute to Senate Bill 102 aimed at neutralizing an unintended state income‑tax increase that would result from newly enacted federal child and education tax credits.
Senator Bueller and others explained that because Utah’s state income tax ties to the federal tax code, families could see an effective state tax increase this year if the Legislature…
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