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HB0235 • 2026
Income Tax Revisions
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
This bill amends the income tax rate provisions.
House/ filed
House/ received from Senate
Senate/ strike enacting clause
Senate/ to House
Senate Comm - Favorable Recommendation
Senate/ 2nd Reading Calendar to Rules
Senate/ committee report favorable
Senate/ placed on 2nd Reading Calendar
House/ 3rd reading
House/ passed 3rd reading
House/ to Senate
Senate/ 1st reading (Introduced)
Senate/ received from House
Senate/ to standing committee
House/ 2nd reading
House/ 2nd suspended
House/ Rules to 3rd Reading Calendar
House/ 1st reading (Introduced)
House/ received fiscal note from Fiscal Analyst
LFA/ fiscal note publicly available for HB0235
LFA/ fiscal note sent to sponsor for HB0235
House/ received bill from Legislative Research
Bill Numbered but not Distributed
LFA/ bill assigned to staff for fiscal analysis for HB0235
LFA/ bill sent to agencies for fiscal input for HB0235
Numbered Bill Publicly Distributed
This bill amends the income tax rate provisions.
7 59-7-104 59-7-201 59-10-104 0 Income Tax Revisions 2026 GENERAL SESSION STATE OF UTAH Chief Sponsor: Kay J. Christofferson Senate Sponsor: Brady Brammer LONG TITLE General Description: This bill amends the income tax rate provisions. Highlighted Provisions: This bill: amends the corporate franchise and income tax rates; and amends the individual income tax rate. Money Appropriated in this Bill: None Other Special Clauses: This bill provides retrospective operation. Utah Code Sections Affected: AMENDS: 59-7-104 , as last amended by Laws of Utah 2025, Chapter 407 59-7-201 , as last amended by Laws of Utah 2025, Chapter 407 59-10-104 , as last amended by Laws of Utah 2025, Chapter 407 Be it enacted by the Legislature of the state of Utah: Section 1. Section 59-7-104 is amended to read: 59-7-104 . Tax -- Minimum tax. (1) Each domestic and foreign corporation, except a corporation that is exempt under Section 59-7-102 , shall pay an annual tax to the state based on the corporation's Utah taxable income for the taxable year for the privilege of exercising the corporation's corporate franchise or for the privilege of doing business in the state. (2) The tax shall be 4.5 4.45 % of a corporation's Utah taxable income. (3) The minimum tax a corporation shall pay under this chapter is $100. Section 2. Section 59-7-201 is amended to read: 59-7-201 . Tax -- Minimum tax. (1) There is imposed upon each corporation, except a corporation that is exempt under Section 59-7-102 , a tax upon the corporation's Utah taxable income for the taxable year that is derived from sources within this state other than income for any period that the corporation is required to include in the corporation's tax base under Section 59-7-104 . (2) The tax imposed by Subsection (1) shall be 4.5 4.45 % of a corporation's Utah taxable income. (3) In no case shall the tax be less than $100. Section 3. Section 59-10-104 is amended to read: 59-10-104 . Tax basis -- Tax rate -- Exemption. (1) A tax is imposed on the state taxable income of a resident individual as provided in this section. (2) For purposes of Subsection (1) , for a taxable year, the tax is an amount equal to the product of: (a) the resident individual's state taxable income for that taxable year; and (b) 4.45%. (b) 4.5%. (3) This section does not apply to a resident individual exempt from taxation under Section 59-10-104.1 . Section 4. Effective Date. This bill takes effect on May 6, 2026 . Section 5. Retrospective operation. This bill has retrospective operation for a taxable year beginning on or after January 1, 2026 . 1-12-26 3:41 PM