Panel considering new Utah sales and use tax

Panel considering new Utah sales and use tax

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SALT LAKE CITY (AP) -- The Utah Tax Review Commission is considering a new state sales and use tax that would apply a tax to anything purchased or consumed, including services like haircuts.

The commission on Thursday heard findings of a study to determine whether the state's tax system should be modernized.

The results of the study suggest applying a tax to "final consumption" and items like new homes, rent payments, insurance payments and health care.

It also suggests removing taxes from "business inputs," or any business expense that would normally qualify for a deduction.

The tax review commission is an advisory board to the Legislature and governor.

Information from: Deseret News

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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