Description General Description: This bill provides for income tax deductions. Highlighted Provisions: This bill provides for income tax deductions for asset depreciation. Bill Details Bill Number: HB0557Year: 2024Status: House/ filedLast Action: Mar 01, 2024 Sponsor RepresentativePhil LymanRepublican - District 69 Fiscal Note Fiscal Note Amount: $0NoneView Fiscal Note Utah PTA Response Utah PTA Position Oppose Utah PTA Resolution: EDU 2023-1 | Education FundingImpact on Children: Income tax deductions reduce the funding available for public schools. Commission: Education Utah PTA Public Policy Program National PTA and Utah PTA Resolutions: Resolved, That Utah PTA and its constituent associations oppose funding mechanisms such as vouchers, tax credits, deductions
