Utah § 59-8-104 Rate -- Change of rate.

Utah Statutes

§ 59-8-104 — Rate -- Change of rate.

Utah § 59-8-104

Title 59Revenue and Taxation

Ch. 59-8Gross Receipts Tax on Certain Corporations Not Required to Pay Corporate Franchise or Income Tax Act

This text of Utah § 59-8-104 (Rate -- Change of rate.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 59-8-104 (2026).

Text

(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

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(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 of this state.