§ 59-10-104. Tax basis -- Tax rate -- Exemption.  


Latest version.
  • (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