Yesterday, Steve Starks, CEO of the Larry H. Miller Group and Immediate Past Chairman of the Chamber and I met with President Stuart Adams, Speaker Brad Wilson, and Co-Chairs of the Tax Restructuring and Equalization Task Force, Senator Lyle Hillyard, and Representative Francis Gibson to present the Salt Lake Chamber’s White Paper on Tax Reform. This white paper is the result of input and recommendations from eight industry working groups consisting of over 300 chamber members. I want to thank each of you for your participation in the process that created this white paper and the recommendations it contains.
The three overarching recommendations in the white paper include, foremost that the purpose of any change to the current tax code must always be continuing the state’s economic prosperity. Second, adherence to the principles wisely put into place decades ago: simplicity, efficiency, flexibility, transparency and stability. Third, avoiding taxation of services that result in tax pyramiding (double taxation or a tax on a tax) and excluding business to business inputs.
Utah has long benefited from strategic economic and tax policies that have contributed to Utah’s exceptional business environment. We look forward to our continued work with the business community to advocate and advance your interests while we work with legislative leadership as they make important decisions for the state’s future.
You can access the full white paper here.