59-10-104 - Tax basis -- Tax rate -- Exemption. - Utah Statutes

State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-10 > 59-10-104

59-10-104. Tax basis -- Tax rate -- Exemption.
(1) For taxable years beginning on or after January 1, 2008, a tax is imposed on the statetaxable income of a resident individual as provided in this section.
(2) For purposes of Subsection (1), for a taxable year, the tax is an amount equal to theproduct of:
(a) the resident individual's state taxable income for that taxable year; and
(b) 5%.
(3) This section does not apply to a resident individual exempt from taxation underSection 59-10-104.1.

Amended by Chapter 389, 2008 General Session

State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-10 > 59-10-104

59-10-104. Tax basis -- Tax rate -- Exemption.
(1) For taxable years beginning on or after January 1, 2008, a tax is imposed on the statetaxable income of a resident individual as provided in this section.
(2) For purposes of Subsection (1), for a taxable year, the tax is an amount equal to theproduct of:
(a) the resident individual's state taxable income for that taxable year; and
(b) 5%.
(3) This section does not apply to a resident individual exempt from taxation underSection 59-10-104.1.

Amended by Chapter 389, 2008 General Session

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-10 > 59-10-104

59-10-104. Tax basis -- Tax rate -- Exemption.
(1) For taxable years beginning on or after January 1, 2008, a tax is imposed on the statetaxable income of a resident individual as provided in this section.
(2) For purposes of Subsection (1), for a taxable year, the tax is an amount equal to theproduct of:
(a) the resident individual's state taxable income for that taxable year; and
(b) 5%.
(3) This section does not apply to a resident individual exempt from taxation underSection 59-10-104.1.

Amended by Chapter 389, 2008 General Session