Utah Statutes
§ 59-8-104 — Rate -- Change of rate.
Utah·Title 59 Revenue and Taxation·Ch. 59-8 Gross Receipts Tax on Certain Corporations Not Required to Pay Corporate Franchise or Income Tax Act
(1)Beginning on or after July 1, 2006, and subject to Section 11-13-303, an in lieu excise tax is imposed on the gross receipts of a taxpayer engaging in business in the state of Utah in each taxable year as follows:Gross Receipts AmountRate of TaxNot in excess of $10,000,000NoneIn excess of $10,000,000 but not
in excess of $500,000,000.6250%In excess of $500,000,000 but not
in excess of $1,000,000,000.9375%In excess of $1,000,000,0001.2500%
(2)It is the intent of the Legislature that, as a result of the tax rate decrease provided in Section 59-8-104 of Chapter 221, Laws of Utah 2006, all or a portion of any cost decrease received by a taxpayer as a result of the tax rate decrease be used in whole or in part for expenditures, scholarships, or grants that will benefit the citizens
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 59-8-104 (Rate -- Change of rate.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 221, 2006 General Session
Nearby Sections
15
§ 59-1-1001
Statement of taxpayer rights.§ 59-1-1002
Audit interviews.§ 59-1-1003
Penalty waiver.§ 59-1-1004
Installment payments.§ 59-1-1005
Suits against commission and its employees.§ 59-1-101
Definitions.§ 59-1-103
Income Tax Surplus Restricted Account.§ 59-1-1101
Private collection of tax -- Fee.§ 59-1-1302
Definitions.