Updated tax calculator illustrates the total impact of the Huntsman Tax Reform PackageNews Release
February 17, 2006
Salt Lake City - Governor Jon M. Huntsman, Jr. released an updated version of the tax reform calculator today. The calculator illustrates the total impact to individual taxpayers of his tax reform package. Both the flat income tax reform package and the removal of the sales tax on unprepared food at the register are included in the updated calculator.
"This tool will enable individual taxpayers to quantify the impact of the proposals on their households," commented Governor Huntsman.
The calculator shows the vast majority of taxpayers in the state will see healthy tax decreases as a result of the tax reform package.
The calculator is consistent with legislation currently moving through the Utah Legislature. It incorporates income tax reforms proposed in SB 242 and HB 354, and it includes the proposed removal of the sales tax on food contained in HB 354 and HB 109.
The calculator can be accessed from the Governor's Office Website, at http://www.utah.gov/governor.