Record Tax Cut Now Official

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(KCPW News) Governor Huntsman signed the state's new tax plan into law today to the applause of dozens of lawmakers, economists and tax advisors. The 220-million dollar cut is the largest in Utah's history and is the result of more than four years of effort by state leaders.

Huntsman says Utah's new five-percent income tax rate and lower sales tax on food make the state more attractive to companies and their workers. The average Utah family will see savings of about $300 a year as a result of the reform, which goes into effect for taxes filed in 2009.

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