Utah lawmakers looking at $15M Social Security tax cut - Salt Lake Tribune

Members of the House Revenue and Taxation Committee voted unanimously Monday for a bill that would offer $15 million in new tax credits to Utah Social Security recipients.

The bill, HB181, would raise the income threshold for joint filers claiming the credit from $30,000 to $45,000, extending the benefit to roughly 58,000 retirees.

“We’re actually taxing the Social Security part twice,” said Rep. Walt Brooks, R-St. George. “We tax it when they make it, and we’re taxing again when they receive it.”

Legislative leaders say additional adjustments to the tax code are needed to bolster the sales tax base, which has eroded under shifts in spending habits.

On Monday, representatives of AARP and the YWCA spoke in favor of expanding the Social Security tax credit. Danny Harris, advocacy director for AARP Utah, said Utah is one of roughly a dozen states that continues to levy taxes against Social Security income.

“This issue is regularly the top priority for our membership,” Harris said.

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HB181 will now move to the full House for consideration.

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Utah lawmakers looking at $15M Social Security tax cut - Salt Lake Tribune
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