Affordability

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.

HB 124

2026

Veteran Armed Forces Property Tax Exemption Amendments

Provided veterans with property tax exemptions.

HB 106

2025

Income Tax Revisions

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