The Tax Restructuring and Equalization Task Force was created by the Utah Legislature earlier this year to research and recommend tax changes. The resulting proposal, SB2001, is at the center of Thursday’s Special Session of the Utah Legislature. The bill will be debated and possibly receive a vote.
The task force was created to address declining tax revenue.
According to an October 2019 report from Utah Foundation, Utahns’ sales tax burden decreased 27% from 2007 to 2016.
“That’s not necessarily because our taxes are lower, but because Utahns overall are earning more income,” said Christopher Collard, research analyst with the Utah Foundation. “So a smaller share of their total income is going towards paying taxes.”
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