Fiscal Note

SB0136 - Apportionment of Business Income Amendments

State Impact:
Enactment of this bill is likely to be revenue neutral.

Individual, Business and/or Local Impact:
Individuals or businesses in Utah that perform certain financial services out-of-state are likely to benefit, whereas individuals or businesses that reside elsewhere but perform certain financial services consumed in Utah are likely to see some increase in corporate or individual tax liability. Enactment of this bill is not expected to have any local impact.