From Deseret News archives:

Task force tackles state tax troubles

Group to submit its reform ideas in November

Published: Friday, May 14, 2004 10:08 p.m. MDT
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Corporate income tax revenue accounts for 8.7 percent of the total Uniform School Fund, which funds the public education source.

Getting (corporations) to pay more taxes for education is a tough sell, said Rep. Stephen D. Clark, R-Provo. "If we could get the corporations to be willing to either up their taxes or be more generous in revenue to the state if (the money) went to education, that would be a great opportunity for everyone."

Rep. Gregory Hughes, R-Draper, questioned whether a corporate income tax is needed at all, with new revenue coming in from the streamlined sales tax.

While the task force will only scrutinize income taxes, the governor's panel will comb through every tax on Utah's books. Formal recommendations from that group are expected to be ready by August. Walker will then take the proposals on a statewide campaign to muster support for major reforms.

The Individual Income Tax and Corporate Franchise and Income Tax Task Force will meet again June 14.


E-mail: ldethman@desnews.com

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