SALT LAKE CITY — The Utah State Senate has agreed to a proposed income tax cut.
Speaking to reporters on Monday, Senate Republican leaders said they were seeking to advance a bill that would lower the income tax rate from 4.95% to 4.85%. A bill to do just that could be presented to a legislative committee as early as Wednesday. The Senate leadership has suggested that the House of Representatives might be inclined to accept it.
As for Governor Spencer Cox’s proposed food tax credit for low-income Utahns? It’s still under discussion, Senate Majority Leader Evan Vickers told R-Cedar City.
Meanwhile, Sen. Jerry Stevenson, R-Layton, who is the Senate budget chief, announced Monday that he has identified $290 million in new and ongoing money (which can fund things like salaries) and more than a billion dollars in “one-time”. funding. Already, he said, there was a long list of demands for these expenses.
Much of the money is coming from federal stimulus funds, so lawmakers will use it to fund infrastructure projects, including water conservation measures and increasing high internet access. debit statewide.
“I think you will see significant increases in funding in rural areas and the goal is to get broadband to every corner of the state. Get it through every door if we can. is the future and where we need to be,” the senator said. Stevenson said.
Senate President J. Stuart Adams, R-Layton, added, “This is probably the biggest piece of the infrastructure bill passed by Congress. We could get $600 million to $800 million in money. for broadband.