Utah Legislature Makes Tax Credit For Large Families
Utah lawmakers have approved a tax change they say will help protect large families who might otherwise be adversely impacted by federal tax reform.
Supporters said the $30 million tax credit approved during a special Legislative session Wednesday would not entirely make up for the recent federal changes but would eliminate roughly 45 percent of the burden.
A measure in the U.S. Congress's tax reform package last year reduced tax exemptions for many large families.
The impact could be large in Utah, which has the country's largest average households and second highest fertility rate.
Republican state Rep. Tim Quinn said the Legislature's new changes would save about $170 for a family with five children.
Lawmakers had brought up the issue during their 45-day regular session this year but it failed to pass.