Bill > SB0016

This bill modifies the process for reviewing tax credits in Utah, primarily by changing the frequency of these reviews and adjusting specific provisions related to tax refunds and credit repeals. The Revenue and Taxation Interim Committee, referred to as the "committee," will now review most tax credits every five years instead of annually, with an exception for the tax credit described in Section 59-10-1003, which is not subject to this review cycle. Additionally, the bill clarifies rules for pass-through entities claiming refunds for excess withholding, including a minimum refund amount of $250,000, and adjusts the review timeline for a motor fuel tax credit for agricultural uses, extending its review to 2028 and setting future reviews every five years. Finally, the bill sets repeal dates for several tax credits, including enterprise zone credits and a radioactive waste facility expansion tax, and establishes an effective date for the bill itself as May 6, 2026.

Budget and Finance

https://le.utah.gov/~2026/bills/static/SB0016.html