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Small Business Challenges before the Utah Legislature in 2015

by Norris Law Group on December 31, 2014

utah state houseThe National Federation for Independent Business (NFIB) says that four issues that will come before the 61st Utah State Legislature in 2015 will likely pose challenges for Utah small business:

  1.  “Eliminating the Tangible Personal Property Tax:” In 2014, the NFIB fought for and won an exemption for purchases of $1,000 or less and an elimination of the tangible personal property tax for businesses with $10,000 or less in personal property.” The NFIB vows to continue to fight for the elimination of the entire tax in 2015.
  2. “Abolishing Sales Tax on Fees:” The NFIB plans to expand its efforts to eliminate the sales tax on fees charged by credit card companies on transactions performed at Utah businesses.“Increasing Health Care Choice:” The NFIB says it “will continue to work with [Utah’s] Health System Reform Task Force to include other options that will reduce the cost of health care for small business” in Utah.
  3. “Monitoring Transportation Funding :” As it has in the past, the NFIB promises to continue to remind Utah legislators of what it feels is the “disproportionate burden…that proposed tax increases for transportation would have” on Utah-based small businesses.

Attorney Graham Norris and his associates at the Norris Law Group serve the residents of Utah County, UT and throughout Utah, Wyoming, Idaho, and California. Contact them today at 801-932-1238 or online for a free consultation.

 

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