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House advances First Substitute Senate Bill 37 to clarify taxation of trusts and estates
Summary
The House approved First Substitute Senate Bill 37, a technical and substantive rewrite clarifying income-tax treatment for individuals, estates and trusts; sponsor said it incorporates previously omitted code sections and technical amendments and the bill passed the House unanimously on the floor vote reported.
The Utah House on Feb. 27 approved First Substitute Senate Bill 37, a measure that rewrites and clarifies how trusts and estates are treated under the state income tax code.
Representative Harper, speaking for the bill, said the measure was returned to the House to incorporate two sections of code and several technical amendments that had been omitted…
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