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S.B. 270
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INDIVIDUAL INCOME TAX REVISIONS
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2006 GENERAL SESSION
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STATE OF UTAH
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Chief Sponsor: Thomas V. Hatch
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House Sponsor:
____________
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LONG TITLE
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General Description:
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This bill modifies tax rates under the Individual Income Tax Act.
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Highlighted Provisions:
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This bill:
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. modifies tax rates under the Individual Income Tax Act; and
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. makes technical changes.
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Monies Appropriated in this Bill:
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None
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Other Special Clauses:
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This bill takes effect for taxable years beginning on or after January 1, 2007.
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Utah Code Sections Affected:
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AMENDS:
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59-10-104, as last amended by Chapters 323 and 324, Laws of Utah 2001
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Be it enacted by the Legislature of the state of Utah:
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Section 1.
Section
59-10-104
is amended to read:
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59-10-104. Tax basis -- Rates -- Exemption.
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(1) Except as provided in Subsection (4), for taxable years beginning on or after
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January 1, [2001] 2007, a tax is imposed on the state taxable income, as defined in Section
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59-10-112
, of every resident individual as provided in this section.
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(2) For an individual, other than a husband and wife or head of household required to
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use the tax table under Subsection (3), the tax under this section is imposed in accordance with
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the following table:
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If the state taxable income is: The tax is:
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Less than or equal to $863 [2.3%] 2.21% of the state taxable income
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Greater than $863 but less than or equal [$20] $19, plus [3.3%] 3.17% of state
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to $1,726 taxable income greater than $863
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Greater than $1,726 but less than or equal [$48] $46, plus [4.2%] 4.03% of state
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to $2,588 taxable income greater than $1,726
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Greater than $2,588 but less than or equal [$85] $81, plus [5.2%] 4.99% of state
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to $3,450 taxable income greater than $2,588
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Greater than $3,450 but less than or equal [$129] $124, plus [6%] 5.76% of state
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to $4,313 taxable income greater than $3,450
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Greater than $4,313 [$181] $174, plus [7%] 6.72% of state
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taxable income greater than $4,313
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(3) For a husband and wife filing a single return jointly, or a head of household as
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defined in Section 2(b), Internal Revenue Code, filing a single return, the tax under this section
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is imposed in accordance with the following table:
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If the state taxable income is: The tax is:
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Less than or equal to $1,726 [2.3%] 2.21% of the state taxable income
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Greater than $1,726 but less than or equal [$40] $38, plus [3.3%] 3.17% of state
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to $3,450 taxable income greater than $1,726
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Greater than $3,450 but less than or equal [$97] $93, plus [4.2%] 4.03% of state
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to $5,176 taxable income greater than $3,450
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Greater than $5,176 but less than or equal [$169] $162, plus [5.2%] 4.99% of state
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to $6,900 taxable income greater than $5,176
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Greater than $6,900 but less than or equal [$259] $248, plus [6%] 5.76% of state
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to $8,626 taxable income greater than $6,900
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Greater than $8,626 [$362] $348, plus [7%] 6.72% of state
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taxable income greater than $8,626
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(4) This section does not apply to a resident individual exempt from taxation under
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Section
59-10-104.1
.
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Section 2. Effective date.
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This bill takes effect for taxable years beginning on or after January 1, 2007.
Legislative Review Note
as of 2-10-06 12:44 PM
Based on a limited legal review, this legislation has not been determined to have a high
probability of being held unconstitutional.