S.B. 97: Tax Revenue Amendments
2 recorded floor votes in the 2026 General Session. The bill's official page has its text, sponsors, committee votes and full history.
About this bill
Did not pass both chambers; the bill was filed on March 6, 2026. This bill modifies provisions related to tax revenue.
- Defines terms
- Limits the amount of reserve funds maintained by cities and counties
- Reduces the amount of the residential property tax exemption for rental properties, with certain exceptions
- Clarifies the applicability of the residential exemption for owners of multiple primary residences in the state
- Requires counties to provide information to the Multicounty Appraisal Trust regarding business entities that receive the residential exemption
- Excludes certain property valuation increases from the calculation of locally assessed new growth
Utah Senate, February 10, 2026
2nd Reading, Passage on Second · 1st Sub. SB 97
Result as recorded: Passed, Ayes 16 Nays 11 Abs 2
Yes (16)
No (11)
Absent or not voting (2)
Utah Senate, March 3, 2026
3rd Reading, Final Passage · 4th Sub. SB 97
Result as recorded: Failed, Ayes 14 Nays 15 Abs 0