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2024 Utah Code
Title 59 - Revenue and Taxation
Chapter 7 - Corporate Franchise and Income Taxes
Part 1 - Corporate Tax Generally
Section 104 - Tax -- Minimum tax.
Universal Citation:
UT Code § 59-7-104 (2024)
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Effective 1/1/2024
59-7-104. Tax -- Minimum tax.
Amended by Chapter 255, 2024 General Session
59-7-104. Tax -- Minimum tax.
- (1)Each domestic and foreign corporation, except a corporation that is exempt under Section 59-7-102, shall pay an annual tax to the state based on the corporation's Utah taxable income for the taxable year for the privilege of exercising the corporation's corporate franchise or for the privilege of doing business in the state.
- (2)The tax shall be 4.55% of a corporation's Utah taxable income.
- (3)The minimum tax a corporation shall pay under this chapter is $100.
Amended by Chapter 255, 2024 General Session
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