Utah HB0586 amends sales and use tax definitions and requires annual tax revenue deposits into the Transit Transportation Investment Fund starting in.

Utah HB0586 amends the definitions of various terms related to sales and use taxes, including "car-sharing program," "qualified development zone," and "Schedule J sale." The bill also requires the State Tax Commission to annually deposit a certain amount of new growth derived from state sales and use taxes into the Transit Transportation Investment Fund beginning in fiscal year 2028. The bill specifies the allocation of tax revenues to various funds and programs, including the General Fund, the Transit Transportation Investment Fund, and the Drinking Water Loan Program Subaccount.

Utah HB0586 amends sales and use tax definitions and requires annual tax revenue deposits into the Transit Transportation Investment Fund starting in.

Utah HB0586 amends the definitions of various terms related to sales and use taxes, including "car-sharing program," "qualified development zone," and "Schedule J sale." The bill also requires the State Tax Commission to annually deposit a certain amount of new growth derived from state sales and use taxes into the Transit Transportation Investment Fund beginning in fiscal year 2028. The bill specifies the allocation of tax revenues to various funds and programs, including the General Fund, the Transit Transportation Investment Fund, and the Drinking Water Loan Program Subaccount.