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Revenue through Third Quarter Lags Projections
Utah's General and Education Fund revenue collections for the first nine months of fiscal year 2021 slightly lag projected full-year growth rates. Through March, General...
April 16, 2021
Legislators Alter the Trajectory of Taxation in Utah
Have you ever laid awake at night wondering ‘when did Utah start collecting sales tax?’, ‘was income tax always earmarked for education?’ or even ‘I...
April 1, 2021
What Does the American Rescue Plan Act Mean for Utah?
On March 11th, Congress enacted the American Rescue Plan Act (ARPA) of 2021, the third (and likely final) round of stimulus funding related to the...
March 22, 2021
Revenue On-Pace through Month Eight
The Utah State Tax Commission released updated revenue collection data today. For the first eight months of fiscal year 2021, General and Education Fund revenue...
March 16, 2021
It’s a Wrap! The 2021 General Session Comes to a Close
The Utah Legislature adjourned on the 45th day of a General Session which was groundbreaking in many ways. Utah’s $23.5 billion budget for Fiscal Year...
March 5, 2021
Revenue Forecasts Improve, though Uncertainty Lingers
On February 19th, the Governor’s Office of Management and Budget (GOMB), Utah Tax Commission, and the Legislative Fiscal Analyst (LFA) released their updated Consensus Revenue...
February 23, 2021
Rollercoaster Year Ends on a Positive Note for Revenue Collections
On December 16th, the Tax Commission released the TC-23 revenue summary detailing the first five months of collections to state funds. The Education Fund remains...
December 17, 2020
Despite Future Uncertainty, Revenues Continue Upward Growth
On Monday, November 16th, the Tax Commission released the TC-23 revenue summary, along with the GOMB/LFA Revenue Snapshot, detailing collections through the first four months...
November 18, 2020
Revenue Through Q1 Boosted by Online Sales and Federal Stimulus
Federal Stimulus Helps FY 2020 End Better than Expected Earlier this month, the Tax Commission released the final TC-23 Revenue Summary for Fiscal Year 2020....
October 28, 2020
Federal Stimulus Appears to Band-Aid Revenues through close of Fiscal Year 2020
The preliminary TC-23 Revenue Summary Report for twelve months of FY 2020 was released by the Tax Commission Thursday, July 16th, along with the Revenue...
July 23, 2020
Pandemic Impacts Take Shape as Fiscal Year Comes to a Close
The Utah Tax Commission released its TC-23 Revenue Summary Wednesday, June 17th, 2020, detailing the actual collections through 11 months of Fiscal Year 2020. As...
June 17, 2020
Income and Fuel Taxes Begin to Show Pandemic Effects
On Tuesday, May 12th, the Tax Commission released their TC-23 Revenue Summary Report for the month of May. Readers may recall that the April TC-23...
May 13, 2020