Reported by CommitteeFiled Jan 9, 2026
Sponsor: Lincoln Fillmore (R)
Latest Action
Senate/ filed
Mar 7, 2026
Summary
The bill creates a formula that cuts Utah's personal income tax rate each year if actual state revenue is higher than the forecast. It also changes the withholding percentage that mineral producers must deduct from payments. The State Tax Commission would publish the new rate each year before the tax year begins.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when SB 116 changes status, plus AI-powered summaries and stage predictions.
Sign up free