Why incorporate in Utah?

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
Composite:	98.1
Housing:	96.2
Utilities:	83.5
Misc. Goods & Services:	105.5

Crime Rate

Utah has the 31st lowest overall crime ranking in the U.S. (FBI, 2004)

Fees & Taxes

Business Inventory Tax
Exempt.

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.

Unemployment Insurance
Utah charges new employers the average industry rate for 1 year.