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UT SB0060
Bill
AI Summary
- Reduces Utah's individual income tax rate from 4.5% to 4.45%
- Reduces the corporate franchise tax rate from 4.5% to 4.45%
- Reduces the corporate income tax rate from 4.5% to 4.45%
- Takes effect May 6, 2026, with retrospective application to taxable years beginning on or after January 1, 2026
- Minimum corporate tax remains $100
Legislative Description
Income Tax Rate Amendments
Corporate Tax
Last Action
Senate/ to Governor in Executive Branch - Governor
3/11/2026
Committee Referrals
Revenue and Taxation2/26/2026
Rules2/10/2026
Revenue and Taxation1/20/2026
Rules1/20/2026
Full Bill Text
No bill text available