Utah SB0116 modifies income tax rates, credits, and withholding rules.

Utah SB0116 amends various sections of the Utah Code to modify income tax rates, credits, and withholding rules. It defines terms, provides for a reduction of the income tax rate when actual state revenue exceeds forecast revenue, and requires the State Tax Commission to publish the income tax rate annually. The bill also changes the mineral production tax withholding rate and makes technical and conforming changes.

Utah SB0116 modifies income tax rates, credits, and withholding rules.

Utah SB0116 amends various sections of the Utah Code to modify income tax rates, credits, and withholding rules. It defines terms, provides for a reduction of the income tax rate when actual state revenue exceeds forecast revenue, and requires the State Tax Commission to publish the income tax rate annually. The bill also changes the mineral production tax withholding rate and makes technical and conforming changes.