corporate income tax

When Adobe broke ground in Lehi in 2009, it sent a clear signal to the rest of the nation: Utah was open for business.
At a time when people are making cuts to their own budget, the state government needs to strongly consider giving back excess revenue to the people it took it from.
This bill will amend the corporate franchise and income tax rates, amend the individual income tax rate, and exempt certain pieces of personal property from sales and use tax.
This bill allows the use of an elective single sales factor for corporate income taxes in order to create a more business friendly climate in Utah.

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