The second to last week of the session beat an fast and furious and is now
picking up stream. A main focus of this week was the holding of HB441 the
Tax Modernization Bill. UMA has worked hard since the announcement of
the idea and proposal to modernize the tax system to ensure that inputs to production (removed from being tax completely last year, a $60 million dollar tax
cut for manufacturers in the state) stays out of any potential legislation. While
some business organizations promoted and supported this legislation, the Utah
Manufacturers Association expressed concern and caution about the process
and ensuring that the legislation doesn’t throw a wet blanket on one of the best
producing economies in the country.
Further issues developed later in the week as the House and Senate are not in
agreement on the final budget to be submitted. Budget meetings were cancelled
later in the week and the issue as of Monday morning continues to be
unresolved.
If you have further questions, please feel free to contact Todd Bingham, President
of the association with further questions. His email is todd@umaweb.org.
Todd is on “the Hill” everyday, all day representing the interests of the
manufacturing industry.
Continue reading more at the link below.
