SB0116S01 | Income Tax Rate Modifications

Description
General Description: 

This bill modifies the income tax rates.

Highlighted Provisions: 

This bill provides for a reduction of the income tax rate when the actual state revenue exceeds the forecast revenue.

Bill Details
Bill Number: 
SB0116S01
Year: 
2026
Status: 
Senate/ filed
Last Action: 
Mar 06, 2026
Sponsor
Senator
Lincoln Fillmore
Republican - District 17
Fiscal Note
Fiscal Note Amount: 
$0
None
View Fiscal Note
Utah PTA Response
Utah PTA Position
Oppose
Utah PTA Resolution: 
EDU 2025-3 | Education Funding
Impact on Children: 

Modifying the tax rate based upon expected revenue means that the dollars available for education funding could be decreased. As our K-12 schools are already underfunded, it would be better to keep the rate flat and use extra dollars to fund critical needs in our schools.

Commission: 
Education
Utah PTA Public Policy Program
National PTA and Utah PTA Resolutions: 

that Utah PTA and its constituent associations encourage the legislature to adequately fund critical educational needs, including but not limited to, class size reduction, teacher salaries, technology, programs, supplies, and evidenced-based practices that have an impact on student achievement