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Senate approves income-tax rate cut after heated debate over school funding
Summary
The Utah Senate passed Senate Bill 60, reducing the state income tax rate, after debate over whether the cut would force local school districts to raise property taxes. An attempted substitute to add a surtax on incomes over $1 million failed; the bill passed 22–7 and now moves to the House.
Senator McKay’s measure to lower the state income tax rate passed the Utah Senate on Feb. 10 after an extended floor debate and a failed substitute that sought to protect school funding.
The debate centered on whether the income-tax cut would necessitate local property-tax increases to make up lost revenue for school districts. A senator proposing a substitute said the amendment "would leave the point 05% tax income tax cut in place, but…
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