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Mixed 2020 Legislative Session Attempts Tax Reform, Adds Taxes on Business Inputs, and Increases Transparency

by Tax Watchdog | Apr 3, 2020 | Uncategorized, Newsletters, The Utah Taxpayer

Another general session has come and gone. Here are some of the passed bills highlights (captions in green) and, unfortunately, lowlights (captions in red) from the 2020 General Session.  HB 356 – Railroad Amendments (Ferry) The Utah Taxpayers Association has...

2020 General Session Looking to Make Major Tax Impacts for Families and Businesses

by Tax Watchdog | Mar 5, 2020 | Legislative Watchlist, Newsletters, The Utah Taxpayer

All Utahns are just over a week away from the end of the Legislative Session. Each year, your Taxpayers Association watches for tax legislation and takes positions on bills. This year, we are tracking over 70 bills and are actively working to make sure sound tax...

My Corner: Just When You Thought It Couldn’t Get Any Worse

by Tax Watchdog | Mar 5, 2020 | Newsletters, The Utah Taxpayer

The 2018 Utah Legislature was praised by various national business advocacy groups for eliminating the three-year life sales tax on manufacturing and mining machinery, equipment and replacement parts. The legislature was also recognized for finally passing the single...

Cannon’s Canon: The Truth on Income Taxes

by Tax Watchdog | Mar 5, 2020 | Newsletters, The Utah Taxpayer

Whenever the subject of income taxes comes to the forefront in debates on taxation, there is always a lot of gnashing of teeth and strong opinions about who pays the most and who pays hardly any. One can hear tales of the middle class (who knows what the definition of...

Utah Ranks Fourth Lowest in Federal Aid, Still Receives 24% of Statewide Budget from Federal Government

by Tax Watchdog | Mar 5, 2020 | Newsletters, The Utah Taxpayer

All states rely on federal aid to fund everything from social services to education.  According to a new study from the Washington, D.C. based Tax Foundation, in fiscal year (FY) 2017 the states for which federal aid made up the smallest share of state general revenue...
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