Budget & Taxes (Tax Incentives)

signed · Utah · House Mar 23, 2026

HB 537: Olympic Ticket Sales Tax Exemption

HB 537 exempts sales of tickets for the 2034 Olympic and Paralympic Winter Games from Utah's sales and use tax. This directly affects ticket buyers purchasing tickets for these specific events. The bill amends existing tax code sections to add Olympic tickets as a defined exemption, making them tax-free like other listed exemptions (e.g., certain food sales or religious institution transactions). The exemption applies only to tickets for the 2034 Games and does not involve new state spending.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts Olympic ticket sales from tax, providing tax relief as a standard exemption per tax code amendments.90% confidence

Sub-Topics Procurement Sales Tax Tax Incentives

failed · Utah · Senate Mar 7, 2026

SB 279: State Homeless Campus Neighbor Tax Credit

SB 279 creates a 50% nonrefundable tax credit for property owners within one mile of designated "homeless services campuses" (facilities offering emergency shelter, mental health services, and support in one location, excluding correctional centers or microshelters). It directly affects qualifying property owners who receive annual tax notices for their land near these campuses. The credit equals half the property taxes paid in the year the tax notice is issued, applied to the owner’s state tax return. This policy aims to offset costs for neighbors of these facilities through a direct tax reduction.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 50% property tax credit for nearby owners, reducing tax burden - direct tax relief under tax credits subject95% confidence ✓ HealthcareSupports HealthcareBill creates tax credit for properties near campuses offering mental health services, directly advancing access to mental health care through facility incentives.90% confidence ✓ HousingSupports HousingCreates tax credit for property owners near homeless services campuses, incentivizing development of facilities addressing homelessness (directly aligns with housing policy indicators).90% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Mental Health Affordable Housing Homelessness Property Taxes

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passed · Utah · House Mar 7, 2026

HB 466: Utah Rural Jobs Act Modifications

HB 466 modifies Utah's Rural Jobs Act to authorize new nonrefundable income and insurance tax credits for investments in eligible small businesses located in rural counties. It directly affects insurers and their affiliates that make qualifying investments through rural investment companies, allowing them to claim tax credits against state taxes or retaliatory assessments. The bill enacts new provisions (effective January 1, 2027) that specify credit amounts and carry-forward rules, while repealing one outdated section and making technical updates to related statutes.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes nonrefundable tax credits for rural business investments, reducing state tax revenue via incentives to promote economic development.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Rural Communities

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introduced · Utah · House Mar 7, 2026

HB 252: Tariff Payment Tax Credit

HB 252 creates a nonrefundable individual income tax credit for Utah businesses that pay tariffs on imported goods but do not pass those costs to customers. It applies to businesses importing items held for sale or used in operations, such as manufacturers or retailers. To claim the credit, businesses must first obtain written certification from the Governor's Office of Economic Opportunity verifying their eligibility and the credit amount, which equals the total qualifying tariff payments multiplied by a set percentage. The credit is limited to the business's tax liability for the year and cannot be carried forward, with certification requirements effective retroactively from January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for businesses paying tariffs, reducing their tax burden and aligning with tax relief provisions under state taxation policy.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · Utah · House Mar 7, 2026

HB 161: Property Tax Modifications

HB 161 increases Utah's residential property tax exemption from 45% to 60% of a home's fair market value for primary residences, directly affecting homeowners who qualify for this exemption. The bill modifies Utah Code Section 59-2-103 to implement this change, contingent on voters approving a related constitutional amendment (H.J.R. 7) in the 2026 election. If approved, the exemption rate would take effect on January 1, 2027, reducing the taxable value of qualifying primary residences. This change applies only to properties used as primary residences for at least 183 days annually and limits exemptions to one primary residence per household.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax exemption from 45% to 60% for primary residences, directly reducing tax burden on homeowners - classic tax relief provision.95% confidence ✓ HousingSupports HousingIncreases property tax exemption for primary residences, reducing housing costs for homeowners, directly advancing affordable housing affordability through tax relief.90% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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signed · Utah · House Mar 24, 2026

HB 325: Government Records Classification Amendments

HB 325 modifies Utah's government records law to make certain financial records public while keeping tax exemption details private. It requires all government entities to classify records showing fund receipts or expenditures - such as budgets, grant documents, vendor payments, and financial reports - as public information. Conversely, it classifies any record revealing whether a taxpayer receives property tax exemptions, deferrals, or abatements as private. These changes apply to all Utah government agencies without new funding requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates public access to budget/spending records (e.g., financial reports, vendor payments) promoting fiscal transparency. Keeps tax exemption details private but doesn't alter tax policy. Primary focus supports budget transparency per subje...95% confidence

Sub-Topics Property Tax Tax Incentives Tags Government Transparency

passed · Utah · Senate Mar 7, 2026

SB 223: Sales and Use Tax Exemptions Modifications

SB 223 modifies Utah's sales and use tax exemptions to support renewable energy infrastructure development. It extends the tax exemption for equipment used to expand existing alternative energy power plants (like solar, wind, or geothermal facilities) and adds a new exemption for equipment that increases capacity at electric energy storage facilities (such as battery systems). This directly affects businesses building or upgrading renewable energy projects by reducing their upfront costs for qualifying equipment. The bill also includes minor technical adjustments to tax code definitions but does not appropriate new state funds.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemptions for renewable energy equipment, reducing business costs via tax relief, directly advancing tax policy for fiscal support.95% confidence ✓ EnergySupports EnergyExtends tax exemptions for renewable energy equipment and storage, reducing costs to advance clean energy infrastructure development.90% confidence ✓ EnvironmentSupports EnvironmentBill extends tax exemptions for renewable energy equipment (solar, wind, geothermal) and energy storage, directly promoting clean energy infrastructure development and reducing financial barriers for environmental projects.95% confidence

Sub-Topics Sales Tax Tax Incentives Energy Storage Renewable Energy Solar

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in committee · Utah · House Mar 7, 2026

HB 107: Vehicle Sales Tax Amendments

HB 107 creates a sales tax exemption for the purchase price of a lower-priced vehicle when a person buys and sells two vehicles in separate transactions. It requires buyers to pay registration fees by the end of the month following expiration (with late penalties) and makes new registrations effective in the same month as the previous registration. The bill eliminates the "cure period" for tax violations and redirects penalties from vehicle tax violations to the state General Fund. It primarily affects Utah residents who trade vehicles, simplifying tax treatment for such transactions without adding new state spending.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects penalties from vehicle tax violations to the state General Fund, increasing state revenue without reducing tax relief for lower-priced vehicle buyers.95% confidence

Sub-Topics Sales Tax State Budget Tax Incentives

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passed · Utah · House Mar 7, 2026

HB 99: Eyewear Sales Tax Amendments

HB 99 exempts corrective eyeglasses and contact lenses from Utah's sales and use tax by reclassifying them as "prosthetic devices" under existing tax law. This change directly affects consumers purchasing these items, removing a tax burden that previously applied. The bill amends Utah Code Section 59-12-102 to include eyewear in the definition of prosthetic devices, which already qualify for tax exemption. The policy change takes effect immediately upon enactment, with no additional state funding required.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts eyewear from sales tax, providing direct tax relief to consumers purchasing essential items, aligning with tax relief indicators for middle/lower income.95% confidence

Sub-Topics Procurement Sales Tax Tax Incentives

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passed · Utah · House Mar 7, 2026

HB 124: Veteran Armed Forces Property Tax Exemption Amendments

This bill simplifies property tax exemption applications for Utah veterans who are disabled or killed in action, and their surviving spouses or minor children. It requires counties to accept a single application for the exemption unless a veteran's disability rating changes or the claimant changes. Counties can no longer demand repeated proof of disability beyond the initial filing, and the exemption covers 100% of property value for eligible veterans (with 10%+ disability) or survivors of veterans killed in action. The changes apply retroactively with no new state funding required.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for disabled veterans, reducing their tax burden and aligning with tax relief indicators for lower-income groups.95% confidence ✓ HousingSupports HousingProvides property tax exemption for veterans, reducing housing costs for eligible individuals, supporting affordable housing access.85% confidence ✓ VeteransSupports VeteransSimplifies property tax exemption for veterans (10%+ disability) and survivors, eliminating repeated proof and ensuring 100% coverage, directly expanding access to benefits.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes Veteran Benefits Veteran Healthcare

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