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
 |  E-MAIL | PRINT | FONT + - 
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

Comments

You can be the first to comment on this story.

previousnext

Latest comments

Y. profs: Beck not all-knowing

and they are correct. Good grief.

Utah's Wynn healing up

In the wake of a great, competitive game all people can talk about is Max...

For those who keep saying there are other places where you can go "to...

Boozer is just doing and showing what he has always had, Talent! As long as...

Pedestrian is hit in crosswalk, dies

Condolences to the LeBaron family! He was the mission Pres in South Africa...

I've enjoyed reading Dick Harmon's articles through the years. An enduring...

Jazz outrun Pacers

I think we have found our stride. But we need to bring in one more player to...

Jazz outrun Pacers

to make a move until nearer the deadline. You can't get the best player until...

"If this team had an interior Defense for 48 minutes they would contend. "...

What have you done for me lately, Boozer? Well, lately Boozer has been...

Advertisements