SB 1507 — Updates the connection date to the federal Internal Revenue Code and other provisions of federal tax law.
Congress · introduced 2026-01-14
<b>Digest: The Act updates the tie date to the federal Internal Revenue Code and other federal tax laws. Disconnects from certain federal tax laws. Increases the amount of the earned income tax credit. Makes a new tax credit for new jobs. (Flesch Readability Score: 67.6).</b> [<i>Digest: The Act would reduce income taxes and other taxes if the state collects a retail sales tax. (Flesch Readability Score: 70.1).</i>] [<i>Reduces taxes imposed under various tax programs, operative conditioned upon imposition of a statewide retail sales tax dedicated to specified purposes. Directs the Department of Revenue to estimate the revenue lost to tax reductions and to direct an equal amount of revenue to various purposes.</i>] <b>Updates the connection date to the federal Internal Revenue Code and other provisions of federal tax law. Increases the amount of the earned income tax credit allowed as a percentage of the federal earned income tax credit. Disconnects from, and requires addback of amounts for, federal provisions allowing deductions of personal auto loan interest and bonus depreciation and allowing exclusion of gain from small business stock. Applies to tax years beginning on or after January 1, 2026. Creates a personal income or corporate excise tax credit for a taxpayer creating new jobs in the tax year. Applies to tax years beginning on or after January 1, 2026, and before January 1, 2032.</b> Takes effect on the 91st day following adjournment sine die.
Latest action: — Chapter Number Assigned
Sponsors
No sponsorships on file.
Action timeline
- · state_upper — Introduction and first reading. Referred to President's desk.
- · state_upper — Referred to Finance and Revenue.
- · state_upper — Public Hearing held.
- · state_upper — Work Session held.
- · state_upper — Recommendation: Do pass with amendments. (Printed A-Eng).
- · state_upper — Minority Recommendation: Do pass with different amendments. (Printed A-Eng. Minority)
- · state_upper — Second reading.
- · state_upper — Rules suspended. Motion to substitute Minority Report for Committee Report failed.
- · state_upper — Rules suspended. Third reading. Carried by Broadman. Passed.
- · state_upper — Vote explanation(s) filed by Starr.
- · state_lower — First reading. Referred to Speaker's desk.
- · state_lower — Referred to Revenue.
- · state_lower — Public Hearing held.
- · state_lower — Work Session held.
- · state_lower — Recommendation: Do pass.
- · state_lower — Second reading.
- · state_lower — Third reading. Carried by Nathanson.
- · state_lower — Motion to re-refer to Revenue failed.
- · state_lower — Passed.
- · state_upper — President signed.
- · state_lower — Speaker signed.
- · state_upper — Governor signed.
- · state_upper — Chapter 142, 2026 Laws.
- · state_upper — Effective date, June 5, 2026.
Text versions
No text versions on file yet — same ingest as the action timeline populates these. Each version has direct links to the XML / HTML / PDF at govinfo.gov.
Predicted vote
Aggregated from: actual roll-call votes (when present) → sponsor → cosponsor → party median (predicts YES when ≥25% of the caucus sponsored/cosponsored). Each row labels its confidence tier so you can see why a position was predicted.
0 predicted yes (0%) · 543 predicted no (100%) · 0 unknown (0%)
By party: · R: 0 yes / 277 no · D: 0 yes / 263 no · I: 0 yes / 3 no