This year, Utah lawmakers are proposing various tax-related legislation, including a bill by state Sen. Daniel McCay that would slash the income tax rate from 4.95% to 4.6%.
Utah Republicans said they will also focus on water issues, education and infrastructure during the general legislative session, which starts on Jan. 18.
“We, as a state, cannot let inflation keep going,” Adams told the crowd Wednesday. “In Utah, we believe in industry. We believe in hard work.” In order to fund the rail project, House Speaker Brad Wilson said lawmakers are proposing using a portion of the state’s one-time revenue to pay for the double-tracking of the front runner with cash instead of bonds.
Wilson, R-Kaysville, said in order to make life more affordable for Utahns, lawmakers need to ensure tax policies in the state allow people to keep more of their money.
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