2025 bills / S.B. 219
S.B. 219 Financial Institution Tax Amendments (2025)
- Introduced
- Senate committee
- Senate vote
- House committee
- House vote
- Signed into law
What this bill does
The bill defines several terms and lets the State Tax Commission write rules deciding which sales count in the sales factor for financial institutions' state taxes. It also states that sales from a financial institution's Utah investment and trading activities are not counted as Utah sales.
Plain-English summary written by AI from the official description. Check the official text below.
Official description
- defines terms
- grants rulemaking authority to the State Tax Commission to establish the sales to include in the sales factor fraction for financial institutions
- provides that sales from Utah investment and trading activities of financial institutions are not sourced to Utah
Your legislators on this bill
Enter your address to see what your own representative and senator did on this bill.
Take action
This bill's session is over, but your legislators still want to hear from you. Ideas that died often come back next year.
Enter your address to get your legislators' contact information and a ready-to-send message about this bill.
Every vote
- 3 yes, 0 no, 4 absentSenate Revenue and Taxation Committee: vote to change the bill · 2/14/2025 8:35 AMWho voted how
- 3 yes, 0 no, 4 absentSenate Revenue and Taxation Committee: vote to approve it · 2/14/2025 8:36 AMWho voted how
- 23 yes, 3 no, 3 absentFirst of two Senate votes · 2/24/2025 3:45 PMWho voted how
- 22 yes, 0 no, 7 absentFinal Senate vote · 2/25/2025 10:49 AMWho voted how
- 9 yes, 0 no, 2 absentHouse Revenue and Taxation Committee: vote to approve it · 2/28/2025 9:50 AMWho voted how
- 72 yes, 0 no, 3 absentFinal House vote · 3/5/2025 3:28 PM