On March 25, 2025, Governor Spencer Cox signed Utah House Bill 60 (HB 60) into law, significantly expanding the state’s 1099-K reporting requirements. HB 60 adds sections 59-1-1801 and 59-1-1802 to the Utah Code, mandating that payment settlement entities file Form 1099-K with the Utah State Tax Commission when two criteria are met: (1) the payment meets the federal 1099-K reporting thresholds, and (2) the payee has a Utah address. Previously, Utah only required 1099 reporting if state tax was withheld, and the state does not require withholding on payments typically reported on Form 1099-K.
The new 1099-K reporting requirement takes effect January 1, 2026, and will first apply to tax year 2026 forms filed in 2027. Under HB 60, all 1099-K forms must be filed electronically. Notably, the due date under HB 60 for submitting 1099-K forms to the Utah State Tax Commission is 30 days after the federal filing deadline, which is a departure from Utah’s traditional January 31 deadline for other information returns.
HB 60 can be found here. The Utah State Tax Commission has not yet provided further guidance or implementation details on this new requirement.
