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House approves limited pass‑through withholding pilot despite equity concerns
Summary
After a floor exchange about whether the plan would mostly benefit high‑income taxpayers, the House approved SB 158 to create a limited program to study withholding inequities for pass‑through entities, capped at $250,000 of withholding per entity and subject to a report back to the Revenue & Taxation interim committee.
The Utah House approved second substitute SB 158 on March 1 by a 48‑29 vote, adopting legislation described by sponsor Rep. Notwell as a constrained program to study an alleged withholding inequity between calendar‑year and fiscal‑year pass‑through entities.
Rep. Notwell told the chamber the measure creates a limited program "to study the effects of this withholding inequity," and that the tax commission will report back to…
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