We’d like to repeal the tax. We’re Libertas Institute, a free market think tank in Utah. We have a 77% success record in seeing our proposals become law.
Please contact us so we can learn how this tax affects your business.
Seven other states have eliminated this personal property tax, freeing business owners from the annoyance and hassle of annual property taxes on office equipment and furnishings. Here are a few reasons why Utah should do the same.
The property you purchased was already taxed at the time of sale. You shouldn't have to pay more taxes on machinery or office items your business has already purchased.
Auditors literally make you count up each item you've purchased, creating a huge headache for businesses who waste their time while bureaucrats chase pennies.
Though some businesses are exempt, many are unaware of the exemption, which is not applied universally—and don't count on the government to tell you whether you qualify.
The personal property tax doesn't bring in a lot of money compared to other taxes; the hassle factor does not justify the small amount of revenue it creates.
Taxes should be equal, fair, and reasonable—and this one violates all three. We have a strategic plan in place to eliminate it, but we need the help of business owners throughout the state to get it done. Please contact me directly using the contact form!
—Connor Boyack, president, Libertas Institute