Archive | 2004 Enterprise Articles

State Business Tax Climate Index Ranks Utah in Middle of Pack

by Howard Stephenson Utah‘s Business Climate ranks 26th among the 50 states according to the national Tax Foundation’s recent State Business Tax Climate Index. The study ranks the “business tax friendliness,” of each state using five factors: 1) Corporate Income Taxes, 2) Individual Income Tax, 3) Sales and Gross Receipts Tax, 4) Unemployment Insurance Tax, 5) […]

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Walker’s Tax Plan Deserves Serious Consideration by Legislature, Governor-elect Huntsman – Part 2

by Howard Stephenson Governor Walker’s 16 point tax reform plan was described in this column last week as containing several changes which the Utah business community has been seeking for many years.  The most positive parts of the prosal include: 1) lowering our current 7% nominal rate for Utah income taxes a 5% tax on federal taxable income or […]

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Walker’s Tax Plan Deserves Serious Consideration by Legislature, Governor-elect Huntsman

by Howard Stephenson Last week we reviewed in this column the details of Governor Olene Walker’s 16 point plan for revamping Utah’s tax structure.  It may take some time for people to really understand it, but the more people look at it, the more they like it. Here is my initial assessment of the proposal, for what it’s worth. […]

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Governor Walker’s Comprehensive Tax Reform – in a nutshell

By Howard Stephenson Governor Olene Walker unveiled a comprehensive proposal to overhaul Utah ’s state and local tax system, with particular emphasis on lowering tax rates and broadening the tax base. The Governor has repeatedly emphasized that the proposal is revenue neutral and is intended to reform the system and is not an attempt to […]

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Three Recent Taxpayer Victories in the Assessment of Business Properties

By Howard Stephenson In the past two months three important tax cases were decided before the Utah State Tax Commission and the Utah Tax Court. All three of the cases were decided in favor of the Taxpayer. All three of the cases were decided in favor of the taxpayer. Each case is an example of […]

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Statewide Property Taxes Rise Another 6.6% in 2004

by Howard Stephenson Utah statewide property tax revenues are expected to reach $1.8 billion in CY2004, an increase of $111 million, or 6.6%, from the previous year. This estimate by the Utah Taxpayers Association includes locally assessed real and personal property, centrally assessed property, and automobile fee-in-lieu of taxes (FIL). Automobile FIL accounted for 10% […]

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