Section 59-7-201 - Tax - Minimum tax(1) There is imposed upon each corporation, except a corporation that is exempt under Section 59-7-102, a tax upon the corporation's Utah taxable income for the taxable year that is derived from sources within this state other than income for any period that the corporation is required to include in the corporation's tax base under Section 59-7-104.(2) The tax imposed by Subsection (1) shall be 4.55% of a corporation's Utah taxable income.(3) In no case shall the tax be less than $100.Amended by Chapter 255, 2024 General Session ,§ 2, eff. 5/1/2024, retrospectively operative for a taxable year beginning on or after January 1, 2024.Amended by Chapter 459, 2023 General Session ,§ 2, eff. 5/3/2023, retrospective operation for a taxable year beginning on or after January 1, 2023.Amended by Chapter 12, 2022 General Session ,§ 2, eff. 5/4/2022, retrospective operation to January 1, 2022.Amended by Chapter 1, 2019SP2 General Session ,§ 18, eff. 4/1/2020, which was repealed by Chapter 1, 2020 General Session ,§ 1, eff. 1/29/2020 .Amended by Chapter 456, 2018 General Session ,§ 32, eff. 5/8/2018, op. 1/1/2018.Amended by Chapter 169, 1993 General Session