Utah Basic Business Taxes
Area Development Research Desk (Q1 2014)

{{RELATEDLINKS}}Corporate income and franchise tax:
The state imposes a corporate income and franchise tax of five percent. The minimum corporate income tax is $100.

Sales and use tax:
The maximum sales and use tax ranges from 5.75 percent up to 7.25 percent. The rates will differ by community depending on the amount of local option taxes in effect. Manufacturing equipment and pollution-control equipment are exempt.

Property tax:
All tangible property, both real and personal, is subject to taxation. Intangible property is not taxed. All tangible property not assessed by the State Tax Commission is assessed by county assessors in the city, county, town, or school district in which it is located. The assessment rate is 100 percent of fair market value. Residential property is assessed at 55 percent of fair market value. Tax rates vary in each city, county, town or school district.

The State Tax Commission assesses public utilities, transportation companies, mines, and oil- and gas-producing companies at 100 percent of fair market value. Assessments are apportioned among counties in which the companies operate to be taxed at local rates.

Sales tax exemption:
For new and replacement manufacturing equipment purchases:


Research tax credits:
Property tax inducements:

Utah State Contact:
Utah Governor's Office of Economic Development
60 East South Temple, 3rd Floor
Salt Lake City, Utah 84111

Michael Sullivan
Dir. of Communications
mgsullivan@utah.gov
801-538-8811


Incentive and tax information is provided to Area Development by each state's economic development or commerce agency for information purposes only and is subject to revision at any time by the state government. Please contact the state agency directly for full requirements and offerings.