UT HB0554

State Tax Commission must apply corporate income tax overpayments first against the taxpayer's tax liability, then against any judgments including crime victim restitution owed under the Crime Victims Restitution Act

Governmental entities may pursue collection activity on accounts receivable regardless of whether the debt has been reduced to a court judgment

Office of State Debt Collection may retain up to one year of operating expenses in the State Debt Collection Fund at the end of each fiscal year, rather than depositing all uncommitted funds into the General Fund

Expands and standardizes the definition of "accounts receivable" across multiple code sections to include unpaid fees, licenses, taxes, loans, overpayments, fines, restitution, forfeitures, surcharges, costs, contracts, interest, penalties, and third-party claims

Effective date is May 6, 2026, or earlier if approved by two-thirds of both legislative chambers