Higher education tax credit endorsed by committee

SALT LAKE CITY — A House committee has endorsed a bill that creates a tax credit for college tuition and fees, a measure the sponsor says is an attempt to encourage more Utahns to go to college and put their know-how to work in the Beehive State.
HB299, which received a favorable recommendation from the House Revenue and Taxation Committee Friday morning, is an investment in the state’s economic well being because it helps ensure the public’s support of higher education is rewarded with more college-educated workers who elect to live and work in Utah.
“College degrees really matter,” said the bill’s sponsor, Rep. John Dougall, R-American Fork. “They really drive the economy.”
Utahns who graduate from state-supported colleges and universities could seek the nonrefundable tax credit so long as they are paying taxes to the state of Utah.
The credit would average about $1,100.

One comment

  1. Launa Taylor

    I support this bill as I have 3 children with partial educations due to lack of financial support. They have been paying their way and we, as parents help when we can but have had some reduced hours of employment for over 2 years. We want them to graduate and they are motivated. This would help them immensely.

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