Utah legislation · 2026 General Session
Utah SB60: Income Tax Rate Amendments
Status: Signed into law, March 23, 2026
This bill amends the income tax rate provisions.
What the bill says
From the enrolled text, March 10, 2026:
0 Income Tax Rate Amendments 2026 GENERAL SESSION STATE OF UTAH Chief Sponsor: Daniel McCay House Sponsor: Steve Eliason LONG TITLE General Description: This bill amends the income tax rate provisions. Highlighted Provisions: This bill: - amends the corporate franchise and income tax rates; and - amends the individual income tax rate. Money Appropriated in this Bill: None Other Special Clauses: This bill provides retrospective operation. Utah Code Sections Affected: AMENDS: 59-7-104 , as last amended by Laws of Utah 2025, Chapter 407 59-7-201 , as last amended by Laws of Utah 2025, Chapter 407 59-10-104 , as last amended by Laws of Utah 2025, Chapter 407 Be it enacted by the Legislature of the state of Utah: Section 1. Section 59-7-104 is amended to read: 59-7-104 . Tax -- Minimum tax. (1) Each domestic and foreign corporation, except a corporation that is exempt under Section 59-7-102 , shall pay an annual tax to the state based on the corporation's Utah taxable income for the taxable year for the privilege of exercising the corporation's corporate franchise or for the privilege of doing business in the state. (2) The tax shall be 4.5 4.45 % of a corporation's Utah taxable income. (3) The minimum tax a corporation shall pay under this chapter is $100. Section 2. Section 59-7-201 is amended to …
Sponsors
- Daniel McCay (R, 18) · primary sponsor
- Steve Eliason (R, 43)
Latest actions
- : Governor Signed
- : Senate/ to Governor
- : Senate/ received enrolled bill from Printing
- : Senate/ enrolled bill to Printing
- : Enrolled Bill Returned to House or Senate
- : Draft of Enrolled Bill Prepared
- : Bill Received from Senate for Enrolling
- : Senate/ signed by President/ sent for enrolling
- : Senate/ received from House
- : House/ to Senate
Votes
- House/ passed 3rd reading (March 4, 2026): 61 yea, 11 nay, passed
- House Comm - Favorable Recommendation (March 2, 2026): 8 yea, 2 nay, passed
- Senate/ passed 3rd reading (February 10, 2026): 22 yea, 7 nay, passed
- Senate/ passed 2nd reading (February 9, 2026): 20 yea, 7 nay, passed
- Senate Comm - Favorable Recommendation (January 28, 2026): 4 yea, 1 nay, passed
Subjects: Corporate Tax, Income Tax, State Tax Commission, Revenue and Taxation, Individual Income Tax
Common questions
- What is SB60?
- SB60 is a bill in the Utah Legislature (2026 General Session): Income Tax Rate Amendments.
- What does SB60 do?
- This bill amends the income tax rate provisions.
- What is the status of SB60?
- Signed into law as of March 23, 2026. Latest action: Governor Signed (March 23, 2026).
- Who sponsored SB60?
- Daniel McCay (R, 18), with 1 co-sponsor.
- Where is the official record for SB60?
- On the Utah Legislature website: https://le.utah.gov/~2026/bills/static/SB0060.html
Source: official Utah record. Tracked by Delilah, AI for legislation across all 50 states and Congress.