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Massive Tax Incentive in the Works for New Daybreak Development

by Tax Watchdog | May 3, 2022 | Blog, Newsletters

A Utah city has begun the process of providing a massive tax incentive to build a “walkable” community, which includes a mix of housing, office space, and some retail.  South Jordan City has created a new project area just to the west of the existing Daybreak...

New Association Report Details Tax Burden of the Typical Utah Family

by Tax Watchdog | May 3, 2022 | Blog, Publications, Newsletters

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...

Revenue for FY 2022 is Nearly Finalized, and Taxpayers Can’t Afford for the Legislature to Kick the Can Down the Road

by Tax Watchdog | May 3, 2022 | Blog, Newsletters

Every month the Tax Commission releases its much anticipated update on revenue collections. As has been the case for over five years now, revenue is on a sustainable path.  Income tax is well above target at $3.7 billion (+21.2% versus an adjusted target of 7.8%)....

Two Critical Steps the Utah Legislature Can Take Now To Address Inflation

by Tax Watchdog | Mar 30, 2022 | Blog, Newsletters

The United States and the State of Utah have an inflation problem. According to the most recent estimate put out by the Bureau of Labor Statistics, prices in the U.S. are rising at a 7.9% annual clip. If one pivots to just the Mountain West, prices are rising at a 9%...

Big Tax Cuts In Other States Dwarf Utah’s Efforts So Far

by Tax Watchdog | Mar 29, 2022 | Blog, Newsletters

Arizona, Iowa, Indiana, North Carolina, Louisiana – the list of states that are cutting income tax rates is growing day by day. These states also have one thing in common – their income tax cuts dwarf what Utah has done so far. This fact should not be lost...

Tips For Fighting Proposed Tax Increases Under Inflation

by Tax Watchdog | Mar 29, 2022 | Blog, Newsletters

With cost increases at rates not seen in decades, taxpayers need to be extremely vigilant as government entities  begin to form their budgets.  Cities and school districts may use inflation and other cost increases to justify increasing property taxes through Utah’s...
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