Rep. John Westwood (R)

HB 49 (Social Security Tax Credit)

Libertas Institute supports this bill.

Utah law requires payment of social security income—despite the fact that social security payments were already based on taxed income throughout the person's life. This bill would provide a tax credit to seniors who heavily depend on social security, preventing a double taxation situation.

Libertas Institute supports this bill. It is an important first step to future expansion of this tax credit that would promote financial security and self-reliance for seniors who have structured their retirement to depend upon these promised payments.