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SB 116

Income Tax Rate Modifications

2026 General Session Introduced by Lincoln Fillmore

SB 116 adjusts Utah income tax rates, affecting state revenue and taxpayer obligations across income brackets.

Senate/ 1st reading (Introduced)
#incometax #revenueandtaxation
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Bill Summary · SB 116

Legislative bill overview

SB 116 modifies Utah's income tax rates, though the specific rate changes are not detailed in the available bill information. This is currently in early stages of the legislative process, having just received its first reading in the Senate. The bill was introduced by Senator Lincoln Fillmore and is under consideration for committee review.

Why is this important

Income tax rate changes directly affect state revenue and household finances across Utah. Modifications to tax rates can influence business investment decisions, cost of living for residents, and funding available for state services like education and infrastructure. The fiscal impact depends entirely on whether rates are being increased or decreased and which income brackets are affected.

Potential points of contention

  • Revenue implications: Whether the state gains or loses tax revenue affects funding for schools, healthcare, and other services that depend on general fund appropriations
  • Distributional impact: How rate changes affect different income levels—whether changes primarily impact higher earners, middle-class workers, or all Utahns
  • Economic competitiveness: Concerns about whether modifications make Utah more or less attractive to businesses and residents compared to neighboring states with different tax structures

Compiled from official sources — confirm details with the bill’s official record.

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