Utah repeals Multistate Tax Compact and temporarily reinstates select Compact provisions

On April 1, 2013, Utah Governor Gary Herbert signed Senate Bill 247, which repeals Multistate Tax Compact provisions from Utah law and then temporarily reinstates most Compact provisions, except for Article III (allowing taxpayers to elect to apportion under the laws of the state or in accordance with Compact provisions) and Article IV (containing the apportionment provisions). The law is effective July 1, 2013.  Pursuant to S.B. 247, the reinstated provisions will be repealed on June 30, 2014.

For additional reading, please see our recent MTC update, Did you miss the meeting invitation to discuss the formation of the Multistate Tax Compact?

Return to Tax research and insights
State and Local Tax