Utah families continue to face growing financial pressure from inflation, rising prices of housing, childcare, transportation, and everyday living costs. The Utah House of Representatives is committed to making life more affordable for Utahns by allowing them to keep more of what they earn and taking measures to lower costs where it matters most.
Over the past six years, lawmakers have reduced the state income tax by 11%, lowering the rate to 4.45%. In addition to tax relief, the Legislature expanded the Child Tax Credit, reduced the state gas tax by 15% to ease transportation costs, and increased childcare affordability through tax credits for employers who provide childcare benefits. These measures are designed to reduce major cost pressures on working families and improve access to essential services.
Funding Highlights
$1.1 billion for Income Tax reduction
Reduced the Income Tax rate by 11% over the last 6 years, saving Utah families hundreds of dollars each year (since 2020).
$9.5 million to expand the Child Tax Credit
Expanded the child tax credit by allowing more families to qualify (since 2024).
$2.9 million for Child Care Business Tax Credit
Provided a tax credit to businesses that provide child care for employees (2026).
$40 million to lower the state gas tax by 15%
Lowered the price at the pump for all Utahns (2026).
$100M for housing-related infrastructure
Established a revolving loan fund to support affordable housing in local communities (2026).
$60M for the First Time Homebuyers Program
Provided a loan to first time homebuyers on eligible home purchases (since 2023).
$50M for deeply affordable housing
Created housing for low income Utah families (2026).
$1.5M for Habitat for Humanity homeownership funding
Helped low income Utah families become homeowners (2026).
Past Legislation
HB 236
2026
Truth in Taxation Amendments
Made the property tax process more transparent.
HB 575
2026
Fuel Tax and Supply Amendments
Reduced the gas tax by 15% while increasing the supply and storage of fuel in the state to drive down prices long term.
SB 60
2026
Income Tax Rate Amendments
Reduced the income tax rate to 4.45% – a $101 million reduction.
HB 290
2026
Child Tax Credit Amendments
Expanded the Child Tax Credit to benefit more Utah families.
HB 190
2026
Child Care Business Tax Credit
Provided tax credits to businesses that provide childcare for their employees.
HB 250
2026
Utah Retirement Plan Exchange
Created an online retirement plan exchange, so more Utahns can better save for retirement.
HB 493
2026
Consumer Products Amendments
Strengthened price transparency, ensuring that the price on the shelf is the price charged at the register.
Reduced state income tax rates from 4.55% to 4.50%, enacted an income tax credit for employer-provided childcare for, and expanded the child tax credit.
HB 58
2025
Building Inspector Amendments
Required building inspections to be done within 3 business days to reduce delays and building costs
SB 69
2024
Income Tax Amendments
Reduced state income tax rates from 4.65% to 4.55% for both individuals and corporations.
HB 37
2025
Moderate Income Housing Plan
Increased the options for cities to implement Moderate Income Housing Plan strategies.
HB 240
2025
First-time Homebuyer Assistance Program
Created a loan fund to provide downpayment assistance to first-time homebuyers purchasing a home below a price cap, to encourage building affordably priced homes
HB 492
2026
Transportation, Infrastructure, and Housing Amendments
Created the State Housing Infrastructure Partnership Board to provide loans to cities and counties for key infrastructure projects – roads, water, and sewer – that will unlock new housing without burdening current residents