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 state
taxable 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 the
product 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 under
Section 59-10-104.1.
Amended by Chapter 389, 2008 General Session
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Last revised: Thursday, May 28, 2009