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  • Ut Tc-301 2019

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Motor Vehicle Enforcement Division 210 N 1950 W Salt Lake City, UT 84134 8012972600 moved.Utah.govTC301Bonded Motor Vehicle Business Application Rev. 5/19Business number (MOVED office use only)General.

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Franchise Tax Every corporation that files form TC-20 must pay a minimum tax (privilege tax) of $100, regardless of whether or not the corporation exercises its right to do business.

A corporate franchise tax is a tax imposed by a state on corporations, LLCs, and partnerships. This tax is assessed to these companies for the privilege of either doing business in the state or incorporating their business in that state. Like income taxes, typically franchise taxes are assessed annually.

Here's how it works when you authorize a PTE to pay a tax on behalf of pass-through entity taxpayers who are individuals. Pass-through entities in Utah pay the standard state income tax rate which is 4.95%, which is the same as the individual state income rate.

If you have or are required to have a Utah Sales and Use Tax License, you must report and pay the use tax on your Utah Sales and Use Tax Return (Form TC-62S or Form TC-62M).

Utah imposes two types of taxes on corporate income: a franchise tax measured by net income and a direct income tax. The franchise tax is imposed on all nonexempt corporations, foreign and domestic, for the privilege of exercising their corporate franchise or doing business in Utah.

Get Utah Forms Downloadable PDF versions of Utah tax forms are available at tax.utah.gov/forms. Many of these forms can be completed on your computer, then printed.

Corporation income is taxed at a flat rate of 4.95% with a minimum amount of $100. This applies only to C corporations and limited liability companies that have elected to be federally taxed as corporations. The Utah business tax rate for pass-through entities is the standard state income tax rate, which is also 4.95%.

Utah Tax Rate: The 2022 Utah Legislature passed SB 59, lowering the state corporate income tax rate from 4.95 percent to 4.85 percent. Payroll Protection Program Loan Addback: In certain situations, you must add to your income the amount of PPP grants or loans forgiven in 2022.

A corporation does not have to make estimated tax payments the first year it is required to file a Utah return if it makes a payment on or before the due date, without extension, equal to or greater than the minimum tax.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232