by Tax Watchdog | Mar 4, 2024 | Newsletters, The Utah Taxpayer
While many might debate how to pronounce the Latin phrase, “Sine die”, the meaning of the phrase – adjournment with no plans for resumption of the proceedings – is what matters to all of us up on Capitol Hill at the end of the legislative session. When the...
by Rusty Cannon | Mar 4, 2024 | Newsletters, The Utah Taxpayer
During the February 23rd Executive Appropriations Committee (EAC) meeting, updated revenue estimates for the upcoming fiscal year of 2025 were released. This is a critical number for setting the upcoming agenda for tax policy. While the Legislature sets the spending...
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 –...
by Rusty Cannon | Jan 31, 2024 | Newsletters, The Utah Taxpayer
For decades, taxpaying Americans have been fleeing high tax states and flocking to low tax states. With recent data available for 2023, that trend continues in full force and there are both short and long term consequences for states that understand the benefits of...
by Malah Armstrong | Jan 31, 2024 | Newsletters, The Utah Taxpayer
“We strive to both create good tax policy and eliminate bad tax policy.” These are the words of Chairman Smith of the Ways and Means Committee to conclude his explanation of the bipartisan tax deal currently being negotiated in Congress. The Tax Relief for American...
by Tax Watchdog | Jan 31, 2024 | Newsletters, The Utah Taxpayer
Snow on the mountains and nowhere to park on Capitol Hill can only mean one thing: the Legislative Session has begun. Here are the Utah Taxpayers Association legislative priorities so far: HJR 14/HB 284 Initiative AmendmentsThis bill requires a 60% public vote to pass...
