| TABLE 1.2 | |||||
| WESTERN STATES CORPORATE TAX PARAMETERS | |||||
| TAX YEAR 2003 | |||||
| TAX | TAX | MINIMUM | OPERATING | OPERATING | |
| RATE | SHARE (1) | TAX | LOSS | LOSS | |
| STATE | (2004) | (2003) | (2004) | BACK | FORWARD |
| Years | Years | ||||
| (2004) | (2004) | ||||
| ARIZONA | 6.97% | 4.48% | $50 | 0 | 5 |
| CALIFORNIA | 8.84% | 8.59% | $800 | 0 | 10 |
| (2) | (3) | ||||
| COLORADO | 4.63% | 3.01% | $0 | 0 | 20 |
| (4) | |||||
| IDAHO | 7.60% | 3.99% | $20 | 2 | 20 |
| (5) | (6) | (7) | |||
| MONTANA | 6.75% | 2.97% | $50 | 3 | 7 |
| (no sales tax) | |||||
| NEW MEXICO | 7.60% | 4.26% | $0 | 0 | 5 |
| (over$1 million) | |||||
| OREGON | 6.60% | 3.95% | $10 | 0 | 15 |
| (no sales tax) | |||||
| UTAH | 5.00% | 3.75% | $100 | 3 | 15 |
| (8) | |||||
| AVERAGE | 6.75% | 4.37% | $129 | 1 | 12 |