by Malah Armstrong | Apr 29, 2024 | Newsletters, The Utah Taxpayer
The Legislative Auditor’s report on property taxes, presented on April 17th, confirmed what many have long suspected: property taxes are not made equal. They concluded that commercial properties are undervalued, and that many Utah taxpayers are confused by the...
by Malah Armstrong | Mar 29, 2024 | Newsletters, The Utah Taxpayer
I know it doesn’t feel this way, but for the last six years, you’ve had a pretty good deal on your federal taxes. Thanks to the TCJA passed in 2017, the standard deduction was almost doubled, the child tax credit was doubled, tax brackets were widened and marginal tax...
by Malah Armstrong | Mar 7, 2024 | The Utah Taxpayer
When Alpine School District proposed a $595 million bond in November 2022, voters resoundingly told them, “no”. The school district ignored them and issued $82 million in lease revenue bonds in a transparent effort to do (part of) what they planned anyway. When the...
by Malah Armstrong | Mar 4, 2024 | Newsletters, The Utah Taxpayer
On February 27th, before the 0.10% state income tax cut had even passed the House, the Salt Lake Tribune said, “The Legislature is on the verge of dropping Utah’s income tax rate from 4.65% to 4.55%, meaning those Utahns with the highest incomes will benefit the...
by Malah Armstrong | Mar 4, 2024 | Newsletters, The Utah Taxpayer
At our January Legislative Outlook Conference, Governor Cox alluded to the idea that Utah might one day eliminate its income tax. According to January 2024 revenue estimates, income tax revenues were at $3.5bn for just the first half of FY24, begging the question –...
