Utah Sales Tax Debt Moratorium Studied

Albanese, Elizabeth
January 2006
Bond Buyer;1/30/2006, Vol. 355 Issue 32308, p4
Trade Publication
The article reports that lawmakers in Utah are closer to removing a sales tax from groceries and they are likely to consider calling for a moratorium on the issuance of sales tax revenue bonds pending an investigation into how the loss of that revenue would affect the ability of issuers to repay debt. The state House approved the measure that will eliminate the state sales tax on food. The states will gain about $167 million per year if the sales tax would be eliminated.


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