Utah SB0016 amends the tax credit review process, exempting certain credits from periodic review and repealing expired review requirements.

Utah SB0016 modifies the tax credit review cycle for income tax credits. The bill exempts the income tax credit for taxes paid to another state from periodic review by the Revenue and Taxation Interim Committee. It also repeals an expired review requirement and aligns the timing of the committee's review of the income tax credit allowed for purchases of motor fuel used in agriculture. The bill makes technical changes and repeals certain sections on July 1, 2026, and December 31, 2026.

Utah SB0016 amends the tax credit review process, exempting certain credits from periodic review and repealing expired review requirements.

Utah SB0016 modifies the tax credit review cycle for income tax credits. The bill exempts the income tax credit for taxes paid to another state from periodic review by the Revenue and Taxation Interim Committee. It also repeals an expired review requirement and aligns the timing of the committee's review of the income tax credit allowed for purchases of motor fuel used in agriculture. The bill makes technical changes and repeals certain sections on July 1, 2026, and December 31, 2026.