Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate passes substitute House Bill 293 to rebalance school funding, cut income tax and index basic levy
Summary
After extended debate, the Utah Senate approved fifth substitute House Bill 293, a package that reduces the individual income tax rate from 5.00% to 4.95%, freezes and indexes part of the statewide basic school levy for five years and channels $36 million a year toward education equity; the measure passed and was sent to the House for further consideration.
The Utah Senate on floor action approved fifth substitute House Bill 293, a contested tax-rebalancing and school-funding package that sponsors said protects education funding while delivering a modest income tax cut.
Senator Fillmore, the bill sponsor, told colleagues the measure contains two core elements: a five-year sunset review for the bill’s tax provisions and a rebalancing that preserves local basic-levy revenue while reducing the top‑line state income tax rate from 5.00% to 4.95. “This bill addresses each of those problems,” Fillmore said in his introduction, adding it funds education equity “to the tune of $36,000,000 a year and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
