Business Information & Rankings
- Utah ranked 8th on the 2004 Digital State Survey (Center for Digital Government)
- Utah ranked 5th on the U.S. Index for Economic Freedom (Pacific Research Institute, 2004).
- Utah ranked 2nd in the nation for higher education spending. (Sourcebook 2003)
- Of the hundreds of known economic minerals, 75 are found in Utah, and 14 have helped make Utah a major mineral producer on the national and world scale. (UMA website)
Cost of living
|For St. George, UT (2005)||Index Score|
|Misc. Goods & Services:||105.5|
Utah has the 31st lowest overall crime ranking in the U.S. (FBI, 2004)
Fees & Taxes
Business Inventory Tax
Corporate Income Tax
Utah’s corporate tax structure consists of a flat rate of 5% on all corporate income.
Personal Income Tax
Utah’s personal income tax system consists of six brackets with top rate of 7.0% starting at an income level of $4,313.
Personal Property Tax
Property taxes are assessed and collected locally. Utah does not charge intangible property taxes.
State Sales and Use Tax
Base Rate: 4.75%
Machinery Rate: none
Utah provides an exemption for sales or leases of machinery and equipment purchased or leased by a manufacturer for use in new or expanding operations in any manufacturing facility in Utah.
Utah charges new employers the average industry rate for 1 year.