HB0331 | Income Tax Reductions

Description
General Description: 

This bill amends the income tax rates.

Highlighted Provisions: 

This bill reduces the income tax rate from 4.95% to 4.9%.

Bill Details
Year: 
2021
Status: 
House/ filed
Last Action: 
Mar 05, 2021
Sponsor
Representative
Republican - District 62
Fiscal Note
Fiscal Note Amount: 
$0
None
Utah PTA Response
Utah PTA Position
Oppose
Impact on Children: 

Enactment of this bill could decrease revenues to the Education Fund by $19,496,000 in FY 2022 and $68,496,000 in FY 2023.

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

Resolved: That Utah PTA continue to urge the legislature to make public education revenue allocations and funding effort a high priority.