“Once we came back in special session, the budget had already been set. So we could only find $30 million that we could use,” he said. So it passed a $34 tax credit for every child dependent claimed.
The Utah Foundation said with that action, about 64 percent of households will not see a major change in their state income tax. But 31 percent will have significant decreases. About 5 percent saw substantial increases, mostly larger families and those with lower to middle incomes.
Quinn now is sponsoring HB282, which he said “would completely [protect] those families with children who make up to $70,000 of adjusted gross income,” so they would face no state income tax increases resulting from federal changes.
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