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SB 309UTAHSession 2026State Billdead

Did Not Advance

Utah SB 309 imposes annual excise tax on large single-family rental owners, requires owner registration, and creates municipal grant program

Original title: Single-family Home Rental Modifications

Last action · March 6, 2026: Senate/ filedSponsor: John Johnson

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Proposed

This bill requires owners of single-family rental homes to register with the Division of Real Estate by October 1, 2026, imposes an annual excise tax on owners of 25 or more single-family rental homes starting in 2027, and creates a competitive grant program for municipalities to transition investor-owned rentals into owner-occupied attainable homes.

Why it matters

Owners of 25 or more single-family rentals face tiered annual excise taxes ranging from $2,000 to $6,000 per home, while rental owners failing to register face monthly $100 penalties per property. Municipalities can apply for grants funded by these taxes to rezone areas and promote owner-occupied housing.

Background

State legislators frequently propose tax and regulatory adjustments to address housing affordability and supply concerns in growing residential markets. context
The Utah Legislature reviews various state taxes and administrative programs under scheduled repeal dates, known as sunset provisions, to ensure periodic legislative oversight. context

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Single-family rental property owners

Rental owners must register their properties with the state by October 1, 2026, face monthly penalties for failure to register, and those owning 25 or more homes must pay an annual excise tax beginning in 2027.

Directly affected

Institutional investors

Investors owning 25 or more single-family rental homes are subject to tiered annual excise taxes and targeted municipal grant programs designed to convert investor-owned rentals into owner-occupied homes.

Directly affected

Municipalities

Municipalities are eligible to apply for competitive grants from the Housing Transition Redevelopment Fund to rezone areas and facilitate the transition of single-family rentals to owner-occupied housing.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Who is required to register their property under this bill?

Any owner or property manager who rents or manages a single-family home in the state must register the property with the Division of Real Estate by October 1, 2026, or within 30 days of renting it.

Where does the revenue collected from the new excise tax go?

After covering administrative costs for the Division of Real Estate, the revenue is deposited into the Housing Transition Redevelopment Fund to support municipal grants for converting rentals into owner-occupied housing.

What else do you want to know?

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Where This Stands

This bill did not become law - Died at adjournment · in Senate committee.

Procedural history

15 actions

Mar 6, 2026Senate
Senate/ filed
Mar 6, 2026Senate
Senate/ strike enacting clause
Mar 5, 2026Senate
Senate/ comm rpt/ sent to Rules
Mar 4, 2026Senate
Senate Comm - Recommends Returned to Rules
Feb 25, 2026Senate
Senate/ received fiscal note from Fiscal Analyst
Feb 25, 2026Released
LFA/ fiscal note publicly available for SB0309

Show 9 earlier actions

Feb 24, 2026Version Sponsor
LFA/ fiscal note sent to sponsor for SB0309
Feb 23, 2026Senate
Senate Comm - Held
Feb 20, 2026SenateCommittee
Senate/ to standing committee
Feb 19, 2026SenateIntroduced
Senate/ 1st reading (Introduced)
Feb 19, 2026Senate
Senate/ received bill from Legislative Research
Feb 19, 2026Legislative Fiscal Agency
LFA/ bill sent to agencies for fiscal input for SB0309
Feb 19, 2026Legislative Fiscal Analyst
LFA/ bill assigned to staff for fiscal analysis for SB0309
Feb 19, 2026Legislative Research and General Counsel
Numbered Bill Publicly Distributed
Feb 19, 2026Legislative Research and General Counsel
Bill Numbered but not Distributed

Version history

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