Bill > HB0179

This bill modifies the existing state tax credit for social security benefits by simplifying and streamlining the provisions related to claiming the credit. The bill removes several definitions previously included in the statute, such as filing status categories and modified adjusted gross income, and replaces them with a more straightforward definition of "social security benefit" as an amount received as a monthly benefit under the federal Social Security Act. The tax credit will now be calculated based on the percentage listed in another section of state tax law and applied to the claimant's social security benefits included in their state taxable income. The bill maintains restrictions on the credit, including preventing taxpayers from carrying forward unused credits or claiming both this credit and another specified tax credit in the same year. Additionally, the bill eliminates previous income-based reductions to the credit that were dependent on different filing statuses. The legislation is set to take effect on May 7, 2025, with retrospective operation for taxable years beginning on or after January 1, 2025, and allows the state tax commission to create administrative rules for implementing the credit.

https://le.utah.gov/~2025/bills/static/HB0179.html