HB0240 | Income Tax Amendments

Description
General Description: 

This bill modifies income tax provisions.

Highlighted Provisions: 

Reduces income tax rates from from 4.85% to 4.65%

Bill Details
Bill Number: 
HB0240
Year: 
2023
Status: 
House/ filed
Last Action: 
Mar 03, 2023
Sponsor
Representative
Nelson T. Abbott
Republican - District 57
Fiscal Note
Fiscal Note Amount: 
$0
None
View Fiscal Note
Utah PTA Response
Utah PTA Position
Oppose
Utah PTA Resolution: 
EDU 2023-1 | Education Funding
Impact on Children: 

This bill has an exorbitant costs to Utah students: 1 time: 86.3 Million; Ongoing 380 Million = Total 466 Mill. Being 50th in the nation, Utah children deserve significant increases in public eduction funding, not reduction.

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

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