08-0334sanqc doc - tax utah 2025

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Sales of goods, other than motor vehicles and boats, purchased in Utah and removed from Utah by the purchaser or their agent are subject to Utah sales and use taxes.
Utah. Applicable for all tax years beginning on or after January 1, 2024, Utah lowered the individual income tax rate (and, consequently, the PTET rate) from 4.65% to 4.55%. The change was effected by SB 69, signed by the governor on March 14, 2024.
Utah has a flat 4.55 percent individual income tax rate. Utah has a 4.55 percent corporate income tax rate. Utah also has a 6.10 percent state sales tax rate and an average combined state and local sales tax rate of 7.25 percent. Utah has a 0.47 percent effective property tax rate on owner-occupied housing value.
Generally, interest from bonds issued by states that dont impose an income tax on Utah municipal bonds is 100% exempt from Utah state income tax.
Municipal Income Tax means an income tax imposed by a municipality.

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Tax Basis: Property tax is based on the value of real estate properties, while municipal tax is imposed on activities and services provided. Taxpayer Responsibility: Property tax is the responsibility of property owners, who pay taxes based on assessed property value.
Your Income Taxes Breakdown TaxMarginal Tax RateEffective Tax Rate State 4.55% 4.55% Local 0.00% 0.00% Total Income Taxes 20.96% Income After Taxes 4 more rows Jan 1, 2025
Email taxmaster@utah.gov, or call 801-297-2200 or 1-800-662-4335.