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Utah tax-cut package would exempt Social Security for many seniors, expand child credit and lower income tax to 4.5%
Summary
An unidentified speaker unveiled a tax-cut proposal that would exempt Social Security income for households earning under $90,000, expand the child tax credit and cut the state income tax rate to 4.5%, while saying the state will continue investments in education, water, energy and transportation.
An unidentified speaker announced a proposed state tax-cut package that would eliminate the state tax on Social Security benefits for households earning less than $90,000 a year, expand the child tax credit and reduce the state income tax rate to 4.5%.
"This session, we're excited to deliver another tax cut that will benefit all Utahns throughout every stage of life," the unidentified speaker said, framing the measures as targeted relief for retirees, families and working households. The speaker added that the package is intended for Utahns "regardless of whether you're raising young children or watching your…
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