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Revenue and Taxation | |
Individual Income Tax Act | |
Section 104 | Tax basis -- Tax rate -- Exemption. |
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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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