Utah State Senate agrees on proposed income tax cut for residents
Speaking to reporters on Monday, Senate Republican leaders said they were looking to advance a bill that cuts the income tax rate from 4.95% to 4.85%. A bill to do just that could appear in a legislative committee as early as Wednesday. Senate leadership suggested the House of Representatives might be inclined to go along with it.
Meanwhile, Sen. Jerry Stevenson, R-Layton, who is the Senate's budget chief, announced on Monday they had identified $290 million in new, ongoing money and more than $1 billion in"one-time" funding. Already, he said, there was a long list of requests for that spending.
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