This week, the Legislature and governor announced the formation of the tax reform task force that will spend the next few months in stakeholder meetings across the state. Not much of a summer vacation. Those appointed are committed public servants with good intent, but only with engagement from the business community will the effort achieve increased prosperity and economic growth while avoiding potential pitfalls and unintended consequences.
Much like the foundation of a building, Utah’s tax system is the foundation of our state’s economic and business prosperity. Individuals, families and businesses depend on a stable and fair tax system to provide essential services like education, public safety and roads. These services provide Utahns a foundation for economic success and high quality of life.
The Legislature and governor have pointed out the cracks they see in the state’s current tax system and businesses large and small, from across the entire state, have answered the call to engage in tax reform discussions.
On April 17, the Salt Lake Chamber invited representatives from the legislative and executive branch to meet with members of the business community to gain a better understanding of the issues, ask questions and express concerns. The chamber is building upon this initial gathering by hosting eight industry working groups during the month of May. These discussions will allow businesses to share their thoughts and ideas, which will result in a report to the Legislature summarizing the dialogue and recommendations.2 comments on this story
The voice of business in these ongoing discussions is imperative and we invite those who have not yet been involved to do so. Insight from every industry, size and sector is critical to ensuring the best outcome. Whether it is a small business owner, entrepreneur, accountant, or C-suite executive, no one has a better understanding of what possible changes to Utah’s tax code mean for their specific industry than those on the ground level.
We are optimistic the same collaboration and problem solving evident in many of our state’s best moments will shine throughout this process as we work to reinforce the foundation of Utah’s success and ensure a tax structure that provides economic certainty and prosperity for every job creator, individual and family across our state.