RS & UT; exemption for aircraft components, extends sunset.
What changed between versions
Extended the sales tax exemption for gold, silver, and platinum bullion or legal tender coins from June 30, 2025 to January 1, 2027.
Extended the sales tax exemption for aircraft parts, engines, and supplies from July 1, 2025 to January 1, 2027.
Extended the sales tax exemption for prescription medicines and drugs purchased by veterinarians from July 1, 2025 to January 1, 2027.
Extended the major business facility job tax credit from July 1, 2025 to January 1, 2027.
Extended the worker training tax credit from July 1, 2025 to January 1, 2027.
Extended the research and development expenses tax credit from January 1, 2025 to January 1, 2027.
Extended the major research and development expenses tax credit from January 1, 2025 to January 1, 2027.
Extended the participating landlords tax credit from January 1, 2026 to January 1, 2027.
Extended the green and alternative energy job creation tax credit from January 1, 2025 to January 1, 2027.
Extended the reforestation and afforestation tax credit from January 1, 2025 to January 1, 2027.
Extended the low-income taxpayers tax credit from January 1, 2026 to January 1, 2027.
Extended the elective income tax on pass-through entities from January 1, 2026 to January 1, 2027.
Extended the eligible company apportionment modification from January 1, 2025 to January 1, 2027.
Extended the credit for taxes paid to other states for pass-through entities from January 1, 2026 to January 1, 2027.
Extended the exemption for discharged loans for eligible veterans from January 1, 2026 to January 1, 2027.
Extended the standard deduction for single individuals and married persons from January 1, 2026 to January 1, 2027.
Extended the business interest disallowed deduction from January 1, 2024 to January 1, 2027.
Extended the eligible educator expenses deduction from January 1, 2025 to January 1, 2027.
Added a new exemption for aircraft components, parts, and supplies used for maintaining, repairing, or reconditioning aircraft, including unmanned systems with a maximum takeoff weight of at least 2,400 pounds for manned systems.