2024 Bills

SB 29: More “Truth” in Truth in Taxation

To track the status of this bill, find it on our Legislation Tracker. Click here to contact the sponsor of the bill to share your thoughts, or click here to email your Senator and Representative about it.

Libertas Institute supports this bill

Staff review of this legislation finds that it aligns with our principles and should therefore be passed into law.

In 1985, Utah enacted a “Truth-in-Taxation” law that requires local governments to officially notify residents of proposed tax increases. The law has been a success, helping keep Utah residents informed and providing transparency in how their property tax dollars are being spent.

This legislative session, Senator Chris Wilson is sponsoring SB 29, a bill that strengthens the truth-in-taxation process in a few, notable ways:

 

  • When local governments propose a tax increase, the notice sent to residents will need to state the dollar amount the tax increase will raise.
  • The notice of proposed tax increases will also need to state the primary purpose for the tax increase. 
  • When the tax increase is discussed at the public hearing, the primary purpose for the funds and the amount that will be raised from the proposed tax will be disclosed.
  • Enables a county auditor to audit compliance with existing and new truth-in-taxation requirements.

Because SB 29 increases transparency in the process governments use to propose increases to property taxes, it deserves support.