In their first meeting late last month, a group of 16 legislators, tax attorneys, and members of the governor’s office formally began studying Utah’s tax system to make recommendations to Utah’s legislature that will both ensure stable sources of revenue for the state to provide public services and reduce tax costs to Utah’s economy overall.
Conversations about starting to tax services, which currently go largely untaxed in Utah, have been taking place for some time now. Many are wondering if taxes do go up, how much families in Utah will need to tighten their belts. At the same time, the Tax Restructuring and Equalization Task Force’s mandate is seen by others as a generational opportunity to review and reform Utah’s outdated revenue structure and tax code..