State Tax Amendments

Updated refund claim deadlines and interest calculation timelines for sales tax refunds under Section 19-12-203.

Clarified that payment settlement entities must file federal forms for participating payees with Utah addresses to the State Tax Commission.

Updated definitions for 'participating payee' and 'payment settlement entity' to align with federal tax code standards.

Added new sections establishing refund procedures and interest calculations for sales tax exemptions.

Requires payment settlement entities to file federal forms for participating payees with Utah addresses

Extended carry-forward period for pass-through entity tax credits from four to five years

Repealed the enterprise zone tax credit which had already expired by statute

Clarified exemptions from individual income tax and added deductions for social security repayments

Expanded State Tax Commission's authority to share information with Department of Workforce Services for public assistance eligibility determinations

Updated definitions for commercial energy systems including hydrogen production and clean energy sources

Modified interest calculation rules for tax refunds and overpayments

Requires payment settlement entities to file federal forms with the State Tax Commission within 30 days of IRS filing deadlines.

Expands State Tax Commission's ability to share taxpayer information with various state and federal agencies for specific administrative purposes.

Extends the carry-forward period for pass-through entity tax credits from four to five taxable years.

Creates a new tax deduction for individuals who must repay social security income that was previously subject to income tax.

Clarifies the definition of 'commercial unit' for commercial energy system tax credits to include individual energy generating devices for agricultural water pumping and wind systems.

Updates effective dates for various tax provisions, with some changes applying to taxable years beginning on or after January 1, 2026.

Provides circumstances for automatic removal of refundable individual income tax credits from tax returns when usage drops below thresholds.

Repeals obsolete enterprise zone tax credit provisions that automatically expired by statute.

Requires payment settlement entities like marketplace facilitators to file federal forms with the State Tax Commission within 30 days of IRS filing deadlines

Expands State Tax Commission authority to share income tax return information with Department of Workforce Services to determine public assistance eligibility

Clarifies definitions of commercial units and energy systems for tax credit purposes, including specific rules for agricultural water pumping and wind systems

Creates a new tax credit for individuals who must repay social security income that was previously subject to income tax

Updates exemption criteria for individual income tax based on modified adjusted gross income calculations

Repeals the enterprise zone tax credit which had automatically expired by statute

Establishes automatic removal of refundable tax credits from tax returns if usage falls below $10,000 annually for three consecutive years

Makes various technical changes to code sections including effective dates and formatting updates

Requires payment settlement entities like marketplace facilitators to file federal forms with the State Tax Commission within 30 days of IRS filing deadlines.

Establishes automatic removal of refundable individual income tax credits from tax returns if total claims fall below $10,000 annually with fewer than 10 claimants for three consecutive years.

Expands State Tax Commission's authority to share income tax return information with the Department of Workforce Services to determine public assistance eligibility, with specific exceptions for privacy-protected data.

Creates a new tax deduction for individuals who must repay social security income that was previously subject to income tax.

Updates exemption thresholds for individual income tax based on modified adjusted gross income, personal exemptions, and standard deduction amounts.

Clarifies definitions of commercial units, commercial energy systems, and residential units for claiming clean energy tax credits, including specific rules for agricultural water pumping and wind systems.

Repeals the enterprise zone tax credit and targeted business income tax credit, which had already expired by statute.

Updates effective dates for various tax provisions, with most changes taking effect May 7, 2025, and some provisions applying to taxable years beginning January 1, 2026.

Requires payment settlement entities like marketplace facilitators to file certain federal forms with the State Tax Commission for participating payees with Utah addresses.

Adds provisions for automatic removal of refundable individual income tax credits from tax returns if usage falls below certain thresholds.

Updates exemption criteria for individual income tax by modifying modified adjusted gross income calculations and personal exemption thresholds.

Creates a new tax deduction for individuals who must repay social security income that was previously subject to income tax.

Clarifies definitions of commercial units and energy systems for clean energy tax credits, including specific rules for agricultural water pumping and wind systems.

Repeals the enterprise zone tax credit and targeted business income tax credit which had automatically expired by statute.

Establishes new effective dates with most changes taking effect May 7, 2025, while certain tax provisions apply beginning January 1, 2026.

Expands the State Tax Commission's authority to share income tax return information with the Department of Workforce Services to verify public assistance eligibility.

Makes technical corrections to interest calculation provisions for tax refunds and updates various cross-references throughout the tax code.