UT SB0016

Exempts the income tax credit for taxes paid to another state (Section 59-10-1003) from the Revenue and Taxation Interim Committee's five-year periodic review requirement

Changes the review cycle for the motor fuel tax credit for agricultural uses from every three years to every five years, with the next review due by November 30, 2028

Repeals an expired 2018 review requirement for the $250,000 threshold for pass-through entity refunds of qualifying excess withholding

Removes expired repeal date provisions referencing Sections 59-7-614.10 and 59-10-1037 (nonrefundable enterprise zone tax credits)

Takes effect May 6, 2026