27-01-2018 03:40 via deseretnews.com

Tax windfall generating legislative plans for extra revenue

SALT LAKE CITY — There's already a split among lawmakers over what to do about the up to $80 million in additional income tax revenue expected to pour into the state as a result of federal tax cuts unless the Legislature takes action."I don't think we need to do anything," Senate President Wayne Niederhauser, R-Sandy, said Friday. "I see us having now about $80 million to deal with in some tax reform."That money could be used to reduce the 5 percent state income tax rate to about 4.9 perce
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