Utah Cuts Individual and Corporate Income Tax Rates

The Governor of the U.S. state of Utah has announced the signing of several bills on 23 March 2026, including Senate Bill (S.B.) 60, which amends the state's income tax rates. This includes a reduction in the rates of individual income tax and corporate income tax (franchise tax) from 4.50% to 4.45%, effective for taxable years beginning on or after 1 January 2026. The minimum tax of USD 100 is unchanged.