Description General Description: This bill modifies the income tax rate. Highlighted Provisions: This bill provides for a reduction of the income tax rate when the actual state revenue exceeds the forecast revenue; provides a formula and process for calculating a reduction of the income tax rate. Bill Details Bill Number: SB0085Year: 2025Status: Senate/ filedLast Action: Mar 07, 2025 Sponsor SenatorLincoln FillmoreRepublican - District 17 Fiscal Note Fiscal Note Amount: $0NoneView Fiscal Note Utah PTA Response Utah PTA Position Oppose Utah PTA Resolution: EDU 2023-1 | Education FundingImpact on Children: This bill reduces the income tax rate, and makes it variable from year to year. Reducing the rate lowers the amount of available funding for our K-12 schools. Making the rate variable is also problematic as it brings an additional element of uncertainty to school funding. Commission: Education Utah PTA Public Policy Program National PTA and Utah PTA Resolutions: That Utah PTA and its constituent associations support the maintenance of a stable and adequate funding mechanism to support public education
