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Senate advances SB143 to extend pass‑through rules to trusts and estates
Summary
Senate Bill 143, expanding pass‑through entity treatment to include certain trusts and estates and creating a waiver/certificate process to ease compliance for minor beneficiaries, advanced on the Senate floor and was placed on the third‑reading calendar; later read for third time with a 25–0 recorded vote.
SALT LAKE CITY — The Utah Senate moved Senate Bill 143 forward on Feb. 2 to extend pass‑through entity provisions to trusts and estates and to create administrative safeguards for small or out‑of‑state beneficiaries.
Sen. Niederhauser, the sponsor, said the measure continues…
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