As FY 2022 Nears an End, Revenue Numbers Give Plenty of Reasons to Provide Additional Tax Relief
Revenue for FY 2022 is nearly finalized, and the state and taxpayers can't afford to kick the can down the road any longer.
Income tax is well above target at $3.7 billion (+21.2% versus an adjusted target of 7.8%). Total sales tax collections are up 20.0%. Corporate collections are up 34.0%.
Massive Tax Incentive in the Works for New Daybreak Development
According to South Jordan City documents, the development of 860 acres will have a mix of land uses that “will be organized in a compact walkable format around connected parks and plaza spaces that promotes civic engagement, sustainable mobility choices and further utilization of transit.
New Association Report Details Tax Burden of Typical Utah Family
The second annual Beehive Family Report published by the Utah Taxpayers Association sheds a lot of light on the tax burden the typical Utah family faced in 2021. Policymakers can look to the report to understand the overall burden taxpayers face, as well as the impact of any new legislation that takes effect.
We will feature highlights from our 100 years advocating for Utah taxpayers. Confirmed speakers so far include Governor Spencer Cox, Speaker Brad Wilson, Senate President Stuart Adams, Utah State Tax Commission Chair John Valentine, Jared Walczak from the Tax Foundation in Washington DC and many others to come...
