---
type: "Bill"
title: "Financial Institution Tax Amendments"
description: "Financial Institution Tax Amendments"
jurisdiction: "us/states/ut"
legislature: "Utah Legislature"
session: "2025"
identifier: "SB 219"
citation: "Utah SB 219 (2025)"
classification: ["bill"]
subjects: ["Banks", "Business", "Corporate Tax", "Financial Institutions", "Income Tax", "Revenue and Taxation", "State Tax Commission"]
status: "enacted"
primary_sponsors: ["McKell, Michael K."]
version_count: 8
action_count: 37
vote_count: 0
first_action: "2025-02-04T16:52:00+00:00"
last_action: "2025-03-26T01:49:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/e2a37ed0-963c-442d-9410-6681f2181fd7"
source_url: "https://le.utah.gov/~2025/bills/static/SB0219.html"
source_hash: "b4210e43170fd448426857071f90882a3243e098889423eb261ca014f85084ee"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ut"]
---

# Utah SB 219 (2025) — Financial Institution Tax Amendments

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://le.utah.gov/Session/2025/bills/introduced/SB0219.xml)
2. **Comparison to Sub #0** (committee substitute) — [source](https://le.utah.gov/Session/2025/bills/introduced/CP SB0219 To SB0219S01.pdf)
3. **House Committee Report** (committee substitute) — [source](https://le.utah.gov/Session/2025/comreport/SB219H10.pdf)
4. **House Transmittal Letter 1** (committee substitute) — [source](https://le.utah.gov/Session/2025/transmit/SB219H10.pdf)
5. **Senate Committee Report** (committee substitute) — [source](https://le.utah.gov/Session/2025/comreport/SB219S10.pdf)
6. **Senate Transmittal Letter 1** (committee substitute) — [source](https://le.utah.gov/Session/2025/transmit/SB219S10.pdf)
7. **Substitute #1** (committee substitute) — [source](https://le.utah.gov/Session/2025/bills/introduced/SB0219S01.xml)
8. **Enrolled** (enrolled) — [source](https://le.utah.gov/Session/2025/bills/enrolled/SB0219.xml)

## Sponsors

- McKell, Michael K. — primary (person)
- Peterson, Val L. — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2025-02-04T16:52:00+00:00** Bill Numbered but not Distributed
- **2025-02-04T16:52:00+00:00** Numbered Bill Publicly Distributed
- **2025-02-04T19:11:00+00:00** Senate/ received bill from Legislative Research `receipt`
- **2025-02-04T21:21:00+00:00** Senate/ 1st reading (Introduced)
- **2025-02-05T21:08:00+00:00** Senate/ to standing committee `referral-committee`
- **2025-02-14T15:35:00+00:00** Senate Comm - Substitute Recommendation
- **2025-02-14T15:36:00+00:00** Senate Comm - Favorable Recommendation `committee-passage-favorable`
- **2025-02-14T17:27:00+00:00** Senate/ comm rpt/ substituted
- **2025-02-14T17:27:00+00:00** Senate/ placed on 2nd Reading Calendar
- **2025-02-21T21:56:00+00:00** Senate/ 2nd reading
- **2025-02-21T21:56:00+00:00** Senate/ circled
- **2025-02-24T22:38:00+00:00** Senate/ uncircled
- **2025-02-24T22:45:00+00:00** Senate/ passed 2nd reading `reading-2`
- **2025-02-25T17:46:00+00:00** Senate/ 3rd reading
- **2025-02-25T17:49:00+00:00** Senate/ passed 3rd reading `passage`
- **2025-02-25T17:49:00+00:00** Senate/ to House
- **2025-02-25T19:20:00+00:00** House/ received from Senate `receipt`
- **2025-02-25T21:08:00+00:00** House/ 1st reading (Introduced)
- **2025-02-26T19:21:00+00:00** House/ to standing committee `referral-committee`
- **2025-02-28T16:50:00+00:00** House Comm - Favorable Recommendation `committee-passage-favorable`
- **2025-02-28T21:28:00+00:00** House/ committee report favorable `committee-passage-favorable`
- **2025-02-28T21:28:00+00:00** House/ return to Rules due to fiscal impact
- **2025-03-05T18:45:00+00:00** House/ Rules to 3rd Reading Calendar
- **2025-03-05T18:45:00+00:00** House/ 2nd reading
- **2025-03-05T22:25:00+00:00** House/ 3rd reading
- **2025-03-05T22:28:00+00:00** House/ passed 3rd reading `passage`
- **2025-03-05T22:28:00+00:00** House/ signed by Speaker/ returned to Senate `passage`
- **2025-03-05T22:28:00+00:00** House/ to Senate
- **2025-03-06T01:01:00+00:00** Senate/ received from House `receipt`
- **2025-03-06T01:01:00+00:00** Senate/ signed by President/ sent for enrolling `passage`
- **2025-03-06T16:59:00+00:00** Bill Received from Senate for Enrolling
- **2025-03-06T16:59:00+00:00** Draft of Enrolled Bill Prepared
- **2025-03-07T01:17:00+00:00** Enrolled Bill Returned to House or Senate `enrolled`
- **2025-03-07T01:17:00+00:00** Senate/ enrolled bill to Printing
- **2025-03-13T15:36:00+00:00** Senate/ received enrolled bill from Printing `receipt`
- **2025-03-13T15:36:00+00:00** Senate/ to Governor `executive-receipt`
- **2025-03-26T01:49:00+00:00** Governor Signed `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e2a37ed0-963c-442d-9410-6681f2181fd7`. Confidence: reported (aggregated from official Utah legislature records).