Income Tax Rate Amendments
SB 60 lowers Utah's corporate and individual income tax rates from 4.5% to 4.45% for tax years beginning on or after January 1, 2026. It directly affects corporations operating in Utah and residents filing state income taxes. The bill reduces the tax rate on both corporate franchise income and individual state taxable income, with the change applying retroactively to the 2026 tax year. No new state spending is involved, as the bill only adjusts existing tax rates.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2026
Committee Review
Mar 2026
Senate Passage
Mar 2026
House Passage
Mar 2026
Signed into Law
Mar 2026
Introduced Jan 20, 2026
Signed Mar 23, 2026
Maddy AI version diff · 2 comparisons
What changed between versions
Substitute #1
→
Enrolled
·
6 edits
·
Mar 23, 2026
MODERATE
The bill was revised to remove provisions for taxing estates, trusts, and nonresident individuals, and to eliminate the separate high-income tax bracket for individuals over $1,000,000. The corporate tax rate was adjusted from 4.5% to 4.45%, and the individual resident tax rate was increased from 4.45% to 4.5%. The bill's scope is now limited to amending corporate and individual resident income tax rates, removing the complex definitions and tax structures for trusts and estates.
Scope change
The bill's scope was significantly narrowed by removing all sections related to estates, trusts, and nonresident individuals, leaving only corporate and resident individual tax provisions.
SCOPE
Removed all tax provisions and definitions related to resident and nonresident estates and trusts.
Removed all tax provisions and definitions related to nonresident individuals.
Removed the separate income tax rate for individuals earning over $1,000,000.
DEFINITION
Deleted extensive definitions for fiduciaries, trusts, estates, and related tax calculations.
REQUIREMENT
Changed the corporate income tax rate from 4.5% to 4.45%.
Increased the resident individual income tax rate from 4.45% to 4.5%.
Floor votes · Senate Feb 10, 2026 · House Mar 4, 2026
How they voted
22–7
Passed
Total votes 29
Feb 10, 2026
D
Democratic6
100% Nay
N
Forward1
100% Nay
R
Republican22
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
45
Key actions
10
Committee
7
Mar 23, 2026
Signed into law
Governor Signed
executive
Mar 5, 2026
Upper · Passed
Senate/ signed by President/ sent for enrolling
upper
Mar 4, 2026
Upper · Passed
House/ signed by Speaker/ returned to Senate
upper
Mar 4, 2026
Lower · Passed
House/ passed 3rd reading
lower
Mar 3, 2026
Lower · Passed
House/ return to Rules due to fiscal impact [House Rules Committee]
lower
Mar 3, 2026
Lower · Passed
House/ committee report favorable [House Revenue and Taxation Committee]
lower
Mar 2, 2026
Lower · Passed
House Comm - Favorable Recommendation [House Revenue and Taxation Committee]
lower
Feb 26, 2026
Committee
House/ to standing committee [House Revenue and Taxation Committee]
lower
Feb 11, 2026
Introduced
House/ 1st reading (Introduced)
lower
Feb 10, 2026
Lower · Passed
Senate/ passed 3rd reading
lower
Jan 29, 2026
Upper · Passed
Senate/ committee report favorable [Senate Revenue and Taxation Committee]
upper
Jan 28, 2026
Upper · Passed
Senate Comm - Favorable Recommendation [Senate Revenue and Taxation Committee]
upper
Jan 20, 2026
Committee
Senate/ to standing committee [Senate Revenue and Taxation Committee]
upper
Jan 20, 2026
Introduced
Senate/ 1st reading (Introduced)
upper
1 primary · 1 co-sponsor
Sponsors
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