Utah SB0060 amends corporate and individual income tax rates, effective May 6, 2026.

Utah SB0060 modifies the state's corporate and individual income tax rates. It reduces the corporate franchise tax rate from 4.5% to 4.45% of a corporation's Utah taxable income, with a minimum tax of $100. The bill also lowers the individual income tax rate to 4.45%. This change applies retroactively to taxable years beginning on or after January 1, 2026.

Utah SB0060 amends corporate and individual income tax rates, effective May 6, 2026.

Utah SB0060 modifies the state's corporate and individual income tax rates. It reduces the corporate franchise tax rate from 4.5% to 4.45% of a corporation's Utah taxable income, with a minimum tax of $100. The bill also lowers the individual income tax rate to 4.45%. This change applies retroactively to taxable years beginning on or after January 1, 2026.