UT HB0586

State Tax Commission required to annually deposit a portion of new growth from state sales and use taxes into the Transit Transportation Investment Fund, beginning in fiscal year 2028

New funding mechanism calculates "base year balance" (FY 2025-2026 General Fund deposits after other required transfers) and compares to current year balance to determine transit allocation

When current year balance exceeds base year balance, 10% of the difference goes to the Transit Transportation Investment Fund, capped at the "total transit amount" (sum of existing fuel tax and commuter rail deposits)

Amends Utah Code Section 59-12-103 governing sales and use tax rates and revenue distribution

Bill takes effect July 1, 2026