Utah Governor Signs Law Amending Tax Credit Review Processes

The Utah Governor signed a law that changes the processes for reviewing tax credits. The law modifies the review cycle for income tax credits, repeals an expired review requirement, aligns review timings for specific credits, and exempts the income tax credit for taxes paid to another state from certain reviews. The law is effective May 6. [S.B. 16, enacted 03/23/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.