SALT LAKE CITY — The Utah Senate passed a bill Friday that will lower the state's income tax rate by a percentage point.
By a 22 to 5 vote, Senate Bill 59, which will lower the rate to 4.85%, was passed and will now move to the House where the rate may go even lower. "Income tax is burdensome on Utah families and a targeted approach to giving income tax relief will benefit all Utahns,” said Sen. Dan McCay, who sponsored the bill.
If the rate remains at 4.85%, an average family of four in Utah making $72,000 would get about $98 back each year.
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Income tax cut passes Senate committee, bill to eliminate sales tax on food may be deadBILL PASSED - A Senate committee voted 6-2 to pass a bill that lowers the income tax rate by a percentage point. For an average family of four making $72,000? It's about $98 back each year. If a family of four makes $40,000? It's about $45. That is so generous of them It took more tax money to fugue out how to save someone e $98 them it was worth. Wow sounds like a huge win for the citizens 😂if that comes all at once we may be able to almost by a tank of gas.
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