The Senate Site: Finally.

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Wednesday, March 14, 2007

Finally.

KSL: Governor Signs Largest Tax Cut in Utah's History:

Tax Relief 2007 is a combination of cuts to income tax, general sales tax, dropping the food sales tax and certain business taxes. Together, the state's $220 million tax relief investment will translate to about $320 a year savings for the average Utah family.

Governor Huntsman: "This is the largest tax cut, and the most meaningful exercise in tax reform in the history of our state."

Reminder: It's not just the huge tax cut that is historic, it's the completion of a systemic overhaul of our tax system. A better structure. Less volatility. (See graphs on page two of the PDF doc).

Still, the extra $320 will be nice.