Tax Commission

Certain electrical and other corporations not paying corporate franchise, income, or another ‘in-lieu of income’ tax (such as the Insurance Premium Tax) must pay this tax on their gross receipts unless they are exempt under Utah Code Ann. §59-7-102(2).

Several other Utah taxes are based on a taxpayer’s gross receipts but should not be confused with this tax.

Tax Rates

The Gross Receipts tax rate is based on the amount of gross receipts as follows:

Gross receipts amount not in excess of $10,000,000 = tax rate of 0%
Gross receipts amount in excess of $10,000,000, but not in excess of $500,000,000 = tax rate of .6250%
Gross receipts amount in excess of $500,000,000, but not in excess of $1,000,000,000 = tax rate of .9375%
Gross receipts amount in excess of $1,000,000,000 = tax rate of 1.2500%