Bill > HB0077

This bill modifies various tax provisions in Utah law. It updates the definition of a "lien" to exclude certain financial accounts and garnishments, and it changes the reporting deadline for the annual report on Internal Revenue Code changes from October to October 1st. The bill also adjusts the definition of "material increase in state income tax revenue" to be a net increase of 0.5% or more compared to the previous fiscal year's estimates. Additionally, it makes technical changes to definitions related to property assessment, including common areas in community associations, and modifies penalties for late filing and payment of taxes, including increasing the timeframes for certain penalties and adjusting penalty amounts for employers failing to file forms. The bill also repeals the state's estate tax and makes several changes to sales and use tax provisions, including clarifications on definitions, exemptions for certain vehicles and rentals, and rules for local sales and use taxes, including those related to new municipalities and reauthorizations of existing taxes. Many of these changes are effective May 6, 2026, with some sales and use tax provisions taking effect on July 1, 2026, and several provisions applying retroactively to taxable years beginning on or after January 1, 2026.

Budget and Finance

https://le.utah.gov/~2026/bills/static/HB0077.html