---
type: "Bill"
title: "Income Tax Credit Review Amendments"
description: "Income Tax Credit Review Amendments"
jurisdiction: "us/states/ut"
legislature: "Utah Legislature"
session: "2025"
identifier: "SB 43"
citation: "Utah SB 43 (2025)"
classification: ["bill"]
subjects: ["Corporate Tax", "Income Tax", "Individual Income Tax", "Revenue and Taxation", "Tax Credits"]
status: "enacted"
primary_sponsors: ["McCay, Daniel"]
version_count: 9
action_count: 41
vote_count: 0
first_action: "2024-12-27T17:27:00+00:00"
last_action: "2025-03-26T01:25:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/43f706ee-b11d-4747-b681-a51c401c1ead"
source_url: "https://le.utah.gov/~2025/bills/static/SB0043.html"
source_hash: "1234204f3dcc9cf3cd2b8321f84497637fd7ec934abc7ac0b7ac20aea37949f9"
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 43 (2025) — Income Tax Credit Review 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/SB0043.xml)
2. **Comparison to Sub #0** (committee substitute) — [source](https://le.utah.gov/Session/2025/bills/introduced/CP SB0043 To SB0043S01.pdf)
3. **House Committee Report** (committee substitute) — [source](https://le.utah.gov/Session/2025/comreport/SB043H10.pdf)
4. **House Transmittal Letter 1** (committee substitute) — [source](https://le.utah.gov/Session/2025/transmit/SB043H10.pdf)
5. **House Transmittal Letter 2** (committee substitute) — [source](https://le.utah.gov/Session/2025/transmit/SB043H20.pdf)
6. **Senate Transmittal Letter 1** (committee substitute) — [source](https://le.utah.gov/Session/2025/transmit/SB043S10.pdf)
7. **Senate Transmittal Letter 2** (committee substitute) — [source](https://le.utah.gov/Session/2025/transmit/SB043S20.pdf)
8. **Substitute #1** (committee substitute) — [source](https://le.utah.gov/Session/2025/bills/introduced/SB0043S01.xml)
9. **Enrolled** (enrolled) — [source](https://le.utah.gov/Session/2025/bills/enrolled/SB0043.xml)

## Sponsors

- McCay, Daniel — primary (person)
- Eliason, Steve — cosponsor (person)

## Timeline

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

- **2024-12-27T17:27:00+00:00** Bill Numbered but not Distributed
- **2024-12-27T17:27:00+00:00** Numbered Bill Publicly Distributed
- **2025-01-02T17:02:00+00:00** Senate/ received bill from Legislative Research `receipt`
- **2025-01-16T17:26:00+00:00** Senate/ received fiscal note from Fiscal Analyst `receipt`
- **2025-01-21T18:23:00+00:00** Senate/ 1st reading (Introduced)
- **2025-01-21T18:23:00+00:00** Senate/ placed on 2nd Reading Calendar
- **2025-01-21T23:05:00+00:00** Senate/ 2nd & 3rd readings/ suspension
- **2025-01-21T23:05:00+00:00** Senate/ circled
- **2025-01-21T23:14:00+00:00** Senate/ uncircled
- **2025-01-21T23:16:00+00:00** Senate/ passed 2nd & 3rd readings/ suspension
- **2025-01-21T23:16:00+00:00** Senate/ to House
- **2025-01-22T17:40:00+00:00** House/ received from Senate `receipt`
- **2025-01-22T18:11:00+00:00** House/ 1st reading (Introduced)
- **2025-01-23T18:38:00+00:00** House/ to standing committee `referral-committee`
- **2025-01-27T21:14:00+00:00** House Comm - Substitute Recommendation
- **2025-01-27T21:16:00+00:00** House Comm - Favorable Recommendation `committee-passage-favorable`
- **2025-01-28T18:15:00+00:00** House/ comm rpt/ substituted
- **2025-01-28T18:15:00+00:00** House/ return to Rules due to fiscal impact
- **2025-02-13T18:53:00+00:00** House/ Rules to 3rd Reading Calendar
- **2025-02-13T18:53:00+00:00** House/ 2nd reading
- **2025-02-19T18:44:00+00:00** House/ 3rd reading
- **2025-02-19T18:44:00+00:00** House/ circled
- **2025-02-19T18:52:00+00:00** House/ uncircled
- **2025-02-19T18:55:00+00:00** House/ passed 3rd reading `passage`
- **2025-02-19T18:55:00+00:00** House/ to Senate
- **2025-02-19T21:14:00+00:00** Senate/ received from House `receipt`
- **2025-02-19T21:14:00+00:00** Senate/ placed on Concurrence Calendar
- **2025-02-20T17:33:00+00:00** Senate/ concurs with House amendment `amendment-passage`
- **2025-02-20T17:33:00+00:00** Senate/ to House
- **2025-02-20T21:10:00+00:00** House/ received from Senate `receipt`
- **2025-02-20T21:10:00+00:00** House/ signed by Speaker/ returned to Senate `passage`
- **2025-02-20T21:10:00+00:00** House/ to Senate
- **2025-02-21T17:17:00+00:00** Senate/ received from House `receipt`
- **2025-02-21T17:17:00+00:00** Senate/ signed by President/ sent for enrolling `passage`
- **2025-02-24T16:59:00+00:00** Bill Received from Senate for Enrolling
- **2025-02-24T16:59:00+00:00** Draft of Enrolled Bill Prepared
- **2025-03-07T00:17:00+00:00** Enrolled Bill Returned to House or Senate `enrolled`
- **2025-03-07T00:17:00+00:00** Senate/ enrolled bill to Printing
- **2025-03-12T20:42:00+00:00** Senate/ received enrolled bill from Printing `receipt`
- **2025-03-12T20:42:00+00:00** Senate/ to Governor `executive-receipt`
- **2025-03-26T01:25:00+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/43f706ee-b11d-4747-b681-a51c401c1ead`. Confidence: reported (aggregated from official Utah legislature records).