Wealthy Utahns would pay a higher income tax rate and the state’s sales tax would be replaced with a tax on businesses’ gross receipts under a tax plan released Thursday by members of the House Democratic Caucus.
The proposal is unlikely to gain traction in Utah’s Republican-dominated Legislature, but is intended as an alternative to controversial reforms backed by legislative leaders and currently under consideration by a legislative task force.
“Under this progressive taxation proposal, most hardworking Utahns will still see a tax cut,” House Minority Leader Rep. Brian King, D-Salt Lake City, said in a prepared statement.