11 May 2023 Utah issues revised 2023 income tax withholding guide reflecting lower personal income tax rate The Utah State Tax Commission has updated Publication 14, Withholding Tax Guide to reflect a reduction in the income tax withholding rate from 4.85% to 4.65%. The revised withholding rate is effective for wages paid on and after June 1, 2023. As previously reported (see EY Tax Alert 2023-0766), on March 22, 2023, Utah Governor Spencer J. Cox signed into law H.B. 54, which, retroactive to January 1, 2023, lowered the state's personal income tax rate from 4.85% to 4.65%. This is the second consecutive year that Utah has retroactively lowered the personal income tax rate.
Document ID: 2023-0861 | |||||||||
