HB0557 | Income Tax Deduction Amendments

Description
General Description: 

This bill provides for income tax deductions.

Highlighted Provisions: 

This bill provides for income tax deductions for asset depreciation.

Bill Details
Year: 
2024
Status: 
House/ filed
Last Action: 
Mar 01, 2024
Sponsor
Representative
Republican - District 69
Fiscal Note
Fiscal Note Amount: 
$0
None
Utah PTA Response
Utah PTA Position
Oppose
Utah PTA Resolution: 
Impact on Children: 

Income tax deductions reduce the funding available for public schools.

Commission: 
Education
Utah PTA Public Policy Program
National PTA and Utah PTA Resolutions: 

Resolved, That Utah PTA and its constituent associations oppose funding mechanisms such as vouchers, tax credits, deductions