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House committee passes HB 77 with broad tax-code updates including permanent SALT workaround and short-term rental clarifications
Summary
The House Revenue and Taxation Committee passed HB 77 out of committee with a favorable recommendation. The bill makes multiple technical and policy changes across income, sales, and property tax law including making the SALT pass-through workaround permanent, tightening short-term rental definitions for sales tax, adjusting property tax reporting triggers, and expanding appeal rights for property tax relief denials.
The House Revenue and Taxation Committee considered House Bill 77, a comprehensive set of tax code modifications developed in interim committee work with the Utah State Tax Commission. Representative Elison, joined by Commissioner John Valentine (chairman, Utah State Tax Commission), presented the bill’s major components, which span income, sales and use, and property tax provisions.
On income tax, presenters explained provisions addressing sourcing rules for unrelated business taxable income of nonprofits, repeal/cleanup of an unused corporate credit for cleaner burner fuels, incorporation of low-income housing credit reviews into the legislature’s five-year review cycle, and…
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