SB0107 | Income Tax Rate Reduction Amendments

Description
General Description: 

This bill modifies provisions related to income tax.

Bill Details
Bill Number: 
SB0107
Year: 
2020
Status: 
Senate/ filed
Last Action: 
Mar 12, 2020
Sponsor
Senator
Lincoln Fillmore
Republican - District 10
Fiscal Note
Fiscal Note Amount: 
$0
None
View Fiscal Note
Utah PTA Response
Utah PTA Position
Oppose

This legislation would provide automatic cuts in the income tax rate if the percentage is higher than the state’s gross domestic product (GDP).  

Utah PTA Resolution: 
EDU 2010-2 | Education Funding (retired)
Impact on Children: 

1.  Places a cap on an increase in income tax based on the state;s gross domestic product which limits revenue that would be allocated for the education of our children.

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

Utah PTA Resolution EDU 2010-2 - Resolved that Utah PTA continue to urge the legislature to make public education revenue allocations and funding effort a high priority.  Resolved that Utah PTA encourage the legislature to adequately fund critical educational needs, including but not limited to, class size reduction, teacher salaries, technology, textbooks and supplies.

Utah PTA Legislative Priorities: 

Utah PTA Legislative Priority #2. Support education appropriations which fully fund enrollment growth and increase the WPU by 6%.

Links
EDU 2010-2 Education Funding
Utah PTA Legislative Priorities 2019-20