TABLE 1.2
WESTERN STATES CORPORATE TAX PARAMETERS
TAX YEAR 2002
	TAX	TAX	MINIMUM	OPERATING	OPERATING
	RATE	SHARE (1)	TAX	LOSS	LOSS
STATE	(2004)	(2002)	(2004)	BACK	FORWARD
				Years	Years
				(2004)	(2004)
ARIZONA	6.97%	4.08%	$50	0	5
CALIFORNIA	8.84%	6.86%	$800	0	10
			(2)		(3)
COLORADO	4.63%	2.96%	$0	0	20
					(4)
IDAHO	7.60%	3.38%	$20	2	20
			(5)	(6)	(7)
MONTANA	6.75%	4.73%	$50	3	7
(no sales tax)
NEW MEXICO	7.60%	3.43%	$0	0	5
	(over$1 million)
OREGON	6.60%	3.80%	$10	0	15
(no sales tax)
UTAH	5.00%	2.83%	$100	3	15
					(8)
AVERAGE	6.75%	4.01%	$129	1	12
1     Ratio of corporate to total tax collections.  U.S. Dept. of the Census
Internet table: State Government Tax Collections
2     Alternative minimum tax also.
3     5 for tax years beginning before 2000.
4     15 years for losses incurred between 1/1/84 and 8/6/97.
5     Idaho also charges an additional tax of $10 on each return
6     3 years for tax years beginning on or before 1/1/2000
7     15 years for tax years beginning on or before 1/1/2000
8     Except for pre-1994 losses.
(Sources: 2004 Multistate Corporate Tax Guide, Healy & Schadewald; State Government Tax
Collections, U.S. Dept. of the Census; and Corportate Tax Rate Internet Table from Federation of
Tax Administrators, http://www.taxadmin.org/fta/rate/corp_inc.html)