Sen. Aaron Osmond (R)

SB 97 (Property Tax Equalization Amendments)

Libertas Institute opposes this bill.

Currently, the minimum basic tax—a state property tax—decreases as property values increase, thus keeping the tax revenue neutral. This bill would freeze the tax rate, preventing it from decreasing in the future with rising values, thus taking tens of millions of dollars from Utahns that otherwise would remain in their pockets.

Libertas Institute opposes this bill, as we oppose all tax increases. The state already takes plenty of money from taxpayers, and adding to that burden is the wrong direction to go.