Utah Statutes
§ 59-7-201 — Tax -- Minimum tax.
Utah·Title 59 Revenue and Taxation·Ch. 59-7 Corporate Franchise and Income Taxes·Part 59-7-2 Corporate Income Tax
(1)There is imposed upon each corporation, except a corporation that is exempt under Section 59-7-102, a tax upon the corporation's Utah taxable income for the taxable year that is derived from sources within this state other than income for any period that the corporation is required to include in the corporation's tax base under Section 59-7-104.
(2)The tax imposed by Subsection (1) shall be 4.5% of a corporation's Utah taxable income.
(3)In no case shall the tax be less than $100.
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Legislative History
Amended by Chapter 407, 2025 General Session
Nearby Sections
15
§ 59-1-1001
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Penalty waiver.§ 59-1-1004
Installment payments.§ 59-1-1005
Suits against commission and its employees.§ 59-1-101
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Definitions.