by Malah Armstrong | May 2, 2023 | Uncategorized, Newsletters
In anticipation of Arizona’s Governor Ducey speaking at our Taxes Now Conference on May 8th, and in light of the state’s 2.5% individual income tax rate, it is worth reviewing what Arizona gets right in terms of tax policy. With similar budgets and revenues, Utah and...
by Malah Armstrong | May 2, 2023 | Uncategorized, Newsletters
Our 2023 Beehive Report shows the tax burden of a typical Utah family. Here, we highlight some points of interest. – Property tax for the Beehive Family increased by $168, from $3,515 in 2021 to $3,683 in 2022. This was not due to a rate increase in their...
by Malah Armstrong | Apr 4, 2023 | Uncategorized, Newsletters
In November 2022, Arizona voters approved a constitutional amendment, Proposition 132, which would “require at least sixty percent of votes cast to approve an initiative or referendum that enacts a tax”. This important amendment protects taxpayers, ensures broad...
by Malah Armstrong | Apr 4, 2023 | Uncategorized, Newsletters
During the 2023 General Session, various bills were proposed to provide an individual tax credit to certain groups. With few exceptions, your Utah Taxpayers Association opposed each of these credits. Although tax credits appear to be beneficial to taxpayers, there are...
by Malah Armstrong | Mar 9, 2023 | Newsletters
Over the last three years, the most common two words in popular vocabulary have been “pandemic” and “inflation”. While the pandemic is set to officially end in May, inflation is certainly here to stay. Many of the consequences of inflation are out of the control of...
