-
Overall Rank
10
Up 5 places since 2026 -
8
Up 7 places since 2026 -
10
Up 1 place since 2026 -
22
No change since 2026 -
12
Up 1 place since 2026 -
Unemployment Insurance Tax Rank
29
No change since 2026
Utah ranks 10th overall on the 2027 State Tax Competitiveness Index.
Score 5.61 / 10
Notable Changes Utah is singled out in the study for this year's and forthcoming changes.
In the 2027 Index
Utah improved five places, to 10th overall, as the state conformed to pro-growth provisions of the OBBBA from which some of its peers decoupled. Utah trimmed its individual and corporate income tax rates to 4.45 percent, building on years of modest rate reductions. More substantially, however, it conformed to the restoration of first-year expensing for both manufacturing machinery and equipment and for research and experimentation expenses. Utah also conformed to the new higher small business expensing cap under Section 179, and its inflation-adjusted tangible personal property (TPP) tax de minimis exemption improved relative to states with unindexed exemptions. Utah’s greatest improvement was in its corporate tax component, where its rank improved 7 places, from 15th to 8th.
Forthcoming, Not Yet Reflected
Utah enacted a tax on “targeted advertising” in 2026, which, while ostensibly broad, practically includes digital advertising alone. This change takes effect in January 2027, so it does not affect Utah’s score for this edition but will be reflected in next year’s Index.
Snapshot date: The 2027 Index measures each state's tax law as of July 1, 2026. Changes enacted after that date are not reflected in these ranks.
About Utah's Tax Code
Utah’s tax code features all major tax types, but the state ranks reasonably well on the Index because the taxes are imposed at competitive rates on relatively broad bases that introduce fewer economic distortions than rival states’ tax systems. Flat state-level individual and corporate income tax rates of 4.45 percent (with no local income taxes), imposed on reasonably broad bases, combine with low real property taxes and a regionally competitive sales tax to produce a favorable overall tax climate, which is reflected in the state’s favorable Index rank. Lawmakers have consistently trimmed state income tax rates as the state continues to experience strong revenue collections.
Utah largely avoids excessive taxation of in-state capital investment. It forgoes capital stock and gross receipts taxes and conforms to federal provisions for the first-year expensing of capital investment. And while, unlike some of its rivals, Utah does tax tangible personal property (chiefly business machinery and equipment), it offers a de minimis exemption to eliminate compliance costs for smaller businesses. Lawmakers have also made great strides in reducing sales taxation of business inputs, which leads to tax pyramiding and discourages in-state production. The state does, however, include net CFC tested income (NCTI), formerly global intangible low-taxed income (GILTI), in its corporate tax base, making it an outlier nationwide and particularly among lower-tax states. The state also imposes a throwback rule.
Component Scores
#10 overall · 5.61 / 10Each component is scored from 0 to 10, where 10 is best. Select a component for its detail page.
| Component | Rank | Score | |
|---|---|---|---|
| Corporate Taxes | #8 | 5.72 / 10 | |
| Individual Income Taxes | #10 | 6.07 / 10 | |
| Sales Taxes | #22 | 5.01 / 10 | |
| Property Taxes | #12 | 5.79 / 10 | |
| Unemployment Insurance Taxes | #29 | 5.06 / 10 |
Ranking Changes, 2020–2027
#10 in 2027 · up 3 places from 2020Utah ranked 13th in 2020 and ranks 10th in 2027, an improvement of 3 places. The axis is zoomed to the state's range. Ranks for 2020 through 2026 are backcast under the current methodology.
Show the Table
| Year | Overall | Corporate | Individual Income | Sales | Property | Unemployment Insurance |
|---|---|---|---|---|---|---|
| 2020 | 13 (5.48) | 14 (5.49) | 10 (5.90) | 24 (4.82) | 11 (5.66) | 14 (5.47) |
| 2021 | 14 (5.44) | 15 (5.50) | 10 (5.91) | 27 (4.70) | 10 (5.68) | 17 (5.29) |
| 2022 | 14 (5.49) | 16 (5.53) | 10 (5.96) | 26 (4.75) | 10 (5.74) | 20 (5.34) |
| 2023 | 15 (5.46) | 15 (5.52) | 10 (5.99) | 26 (4.71) | 11 (5.68) | 23 (5.16) |
| 2024 | 16 (5.45) | 14 (5.51) | 9 (5.97) | 24 (4.72) | 12 (5.71) | 25 (5.02) |
| 2025 | 16 (5.41) | 15 (5.48) | 9 (5.91) | 25 (4.68) | 12 (5.72) | 29 (4.97) |
| 2026 | 15 (5.47) | 15 (5.49) | 11 (5.88) | 22 (4.98) | 13 (5.68) | 29 (5.02) |
| 2027 | 10 (5.61) | 8 (5.72) | 10 (6.07) | 22 (5.01) | 12 (5.79) | 29 (5.06) |
Utah Compared across the States
#10 overallEach row places the states on a 0 to 10 score scale for one measure. Utah is the large outlined dot, and the dashed line is the 50-state median, so a dot to its right scores better than the typical state. Hover over or tab to any dot for detail, and select it to open that state's profile.
Overall
#10 5.61
Corporate Taxes
#8 5.72
Individual Income Taxes
#10 6.07
Sales Taxes
#22 5.01
Property Taxes
#12 5.79
Unemployment Insurance Taxes
#29 5.06
- Utah
- Other states, by rank (1st to 50th)
- 50-state median
Utah and Its Neighbors
#10 overallUtah borders 6 states and ranks 10th overall; 1 of them ranks higher and 5 rank lower.
What Each Component Includes
The five components of the Index, what each one covers, and where Utah lands. Open any component for the full breakdown.
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Corporate Taxes
Rank #8Includes corporate income taxes and gross receipts taxes. Measures the impact of each state’s principal tax on business activities.
Full Breakdown for Utah → -
Individual Income Taxes
Rank #10Covers the tax individuals pay on income, and with it a significant number of businesses — sole proprietorships, partnerships, and S corporations — that report their income through the individual income tax code.
Full Breakdown for Utah → -
Sales Taxes
Rank #22Covers the general sales tax levied on the purchase price of goods and services, plus excise taxes on gasoline, diesel, tobacco, vapor products, beer, and spirits, and taxes on digital advertising.
Full Breakdown for Utah → -
Property Taxes
Rank #12Includes taxes on real and personal property, net worth, and the transfer of assets — among them capital stock, estate, inheritance, and real estate transfer taxes.
Full Breakdown for Utah → -
Unemployment Insurance Taxes
Rank #29Covers the taxes employers pay into the state unemployment insurance program to finance benefits for workers recently unemployed.
Full Breakdown for Utah →
Tax Data Explorer
Every policy variable behind Utah's 2027 scores, grouped by the report's tables, as of July 1, 2026. Its bordering states are shown alongside to start. Search the variables and values, or add up to 4 states to compare side by side.
152 data points · Shaded values differ from Utah
Corporate Taxes: Corporate Income Tax Rates
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Bracket 1 | 4.45% > $0 | 4.9% > $0 (differs) | 4.4% > $0 (differs) | 5.3% > $0 (differs) | None (differs) | 5.9% > $0 (differs) | None (differs) |
| Gross Receipts Tax | No | No | No | No | Yes (differs) | No | No |
| Gross Receipts Tax Minimum Rate | n.a. | n.a. | n.a. | n.a. | 0.051% (differs) | n.a. | n.a. |
| Gross Receipts Tax Maximum Rate | n.a. | n.a. | n.a. | n.a. | 0.331% (differs) | n.a. | n.a. |
| Gross Receipts Tax Rate Used in the Index | n.a. | n.a. | n.a. | n.a. | 0.111% (differs) | n.a. | n.a. |
Corporate Taxes: Tax Credits and Gross Receipts Deductions
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Job Credits | No | Yes (differs) | Yes (differs) | Yes (differs) | No | Yes (differs) | No |
| Research and Development Credits | Yes | Yes | Yes | Yes | No (differs) | Yes | No (differs) |
| Investment Credits | Yes | Yes | Yes | Yes | No (differs) | Yes | No (differs) |
| Compensation Expenses Deductible | n.a. | n.a. | n.a. | n.a. | No (differs) | n.a. | n.a. |
| Cost of Goods Sold Deductible | n.a. | n.a. | n.a. | n.a. | No (differs) | n.a. | n.a. |
Corporate Taxes: Net Operating Losses
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Conforms to Federal NOL Treatment | Yes | No (differs) | No (differs) | No (differs) | n.a. (differs) | Yes | n.a. (differs) |
| Carryback (Years) | Conforms to federal treatment | 0 (differs) | 0 (differs) | 2 (differs) | n.a. (differs) | Conforms to federal treatment | n.a. (differs) |
| Carryback Cap | Conforms to federal treatment | $0 (differs) | $0 (differs) | $100,000 (differs) | n.a. (differs) | Conforms to federal treatment | n.a. (differs) |
| Carryforward (Years) | Conforms to federal treatment | 20 (differs) | 20 (differs) | 20 (differs) | n.a. (differs) | Conforms to federal treatment | n.a. (differs) |
| Carryforward Cap | Conforms to federal treatment | Unlimited (differs) | 80% (differs) | Unlimited (differs) | n.a. (differs) | Conforms to federal treatment | n.a. (differs) |
Corporate Taxes: Treatment of Capital Investment
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Section 168(k) Expensing | 100% | 0% (differs) | 100% | 0% (differs) | 100% | 100% | 100% |
| Conforms to Section 163(j) Limitation | Yes | Yes | Yes | Yes | No (differs) | Yes | No (differs) |
| GILTI Inclusion | 50% Inclusion | Decouples (differs) | 50% Inclusion | 15% Inclusion (differs) | n.a. (differs) | Decouples (differs) | n.a. (differs) |
| Section 174 Expensing | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Section 168(n) Expensing | Yes | No (differs) | Yes | No (differs) | Yes | Yes | Yes |
Corporate Taxes: Other Corporate Base Variables
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Federal Income Used as State Tax Base | Yes | Yes | Yes | Yes | Yes | Yes | n.a. (differs) |
| Conformity Status | Rolling | Static (current) (differs) | Rolling | Static (current) (differs) | Rolling | Rolling | n.a. (differs) |
| Allows Federal ACRS or MACRS Depreciation | Yes | Yes | Yes | Yes | Yes | Yes | n.a. (differs) |
| Allows Federal Depletion | Yes | Yes | Yes | Yes | Yes | Yes | n.a. (differs) |
| Throwback Rule | Yes | No (differs) | Yes | Yes | No (differs) | Yes | n.a. (differs) |
| Foreign Tax Deductibility | No | No | No | Yes (differs) | Yes (differs) | Yes (differs) | n.a. (differs) |
| Corporate AMT | No | No | No | No | No | No | n.a. (differs) |
| Brackets Indexed for Inflation | Flat CIT | Flat CIT | Flat CIT | Flat CIT | GRT (differs) | Flat CIT | n.a. (differs) |
Individual Income Taxes: Individual Income Tax Rates
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Bracket 1 | 4.45% > $0 | 2.5% > $0 (differs) | 4.4% > $0 (differs) | 5.3% > $4,811 (differs) | No Income Tax (differs) | 1.5% > $0 (differs) | No Income Tax (differs) |
| Bracket 2 | n.a. | n.a. | n.a. | n.a. | n.a. | 3.2% > $5,500 (differs) | n.a. |
| Bracket 3 | n.a. | n.a. | n.a. | n.a. | n.a. | 4.3% > $16,500 (differs) | n.a. |
| Bracket 4 | n.a. | n.a. | n.a. | n.a. | n.a. | 4.7% > $33,500 (differs) | n.a. |
| Bracket 5 | n.a. | n.a. | n.a. | n.a. | n.a. | 4.9% > $66,500 (differs) | n.a. |
| Bracket 6 | n.a. | n.a. | n.a. | n.a. | n.a. | 5.9% > $210,000 (differs) | n.a. |
| Standard Deduction (Single Filer) | $21,708 | $8,350 (differs) | $16,100 (differs) | $16,100 (differs) | n.a. (differs) | $16,100 (differs) | n.a. (differs) |
| Personal Exemption (Single Filer) | Combined with the standard deduction into one credit | n.a. (differs) | n.a. (differs) | n.a. (differs) | n.a. (differs) | n.a. (differs) | n.a. (differs) |
| Personal Exemption Credit (Single Filer) | Combined with the standard deduction into one credit | n.a. (differs) | n.a. (differs) | n.a. (differs) | n.a. (differs) | n.a. (differs) | n.a. (differs) |
| Personal Exemption per Dependent | $2,111 | n.a. (differs) | n.a. (differs) | n.a. (differs) | n.a. (differs) | $4,000 (differs) | n.a. (differs) |
| Personal Exemption Credit per Dependent | n.a. | $125 (differs) | n.a. | n.a. | n.a. | n.a. | n.a. |
| Average Local Income Tax Rate | None | None | 0.06% (differs) | None | None | None | None |
| Surtaxes on Wage Income | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
Individual Income Taxes: Marriage Penalty, Capital Income, Indexation
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Marriage Penalty | No | No | No | No | n.a. (differs) | Yes (differs) | n.a. (differs) |
| Married Couples Can File Separately on One Return | No | No | No | No | n.a. (differs) | No | n.a. (differs) |
| Convenience Rule | No | No | No | No | No | No | No |
| Interest Taxed | Yes | Yes | Yes | Yes | n.a. (differs) | Yes | n.a. (differs) |
| Dividends Taxed | Yes | Yes | Yes | Yes | n.a. (differs) | Yes | n.a. (differs) |
| Capital Gains Taxed | Yes | Yes | Yes | Yes | n.a. (differs) | Yes | n.a. (differs) |
| Combined Capital Gains Tax Rate | 4.45% | 1.875% (differs) | 4.4% (differs) | 5.3% (differs) | n.a. (differs) | 5.9% (differs) | n.a. (differs) |
| Tax Brackets Indexed for Inflation | Yes | Yes | Yes | Yes | n.a. (differs) | No (differs) | n.a. (differs) |
| Standard Deduction Indexed for Inflation | Yes | Yes | Yes | Yes | n.a. (differs) | Yes | n.a. (differs) |
| Personal Exemption Indexed for Inflation | Yes | Yes | Yes | Yes | n.a. (differs) | Yes | n.a. (differs) |
| Progressivity Ratio | 1.00 | 1.00 | 1.00 | 1.00 | n.a. (differs) | 1.37 (differs) | n.a. (differs) |
Individual Income Taxes: Other Individual Base Variables
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Federal Income Used as State Tax Base | Yes | Yes | Yes | Yes | n.a. (differs) | Yes | n.a. (differs) |
| Conformity Status | Rolling | Static (not current) (differs) | Rolling | Static (current) (differs) | n.a. (differs) | Rolling | n.a. (differs) |
| Credits for Taxes Paid to Other States | Yes | Yes | Yes | Yes | n.a. (differs) | Yes | n.a. (differs) |
| AMT Levied | No | No | Yes (differs) | No | n.a. (differs) | No | n.a. (differs) |
| Recognition of S Corporation Status | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Section 179 Expensing Limit | $2,560,000 | $2,560,000 | $2,560,000 | $2,560,000 | $2,560,000 | $2,560,000 | $2,560,000 |
| Tips | Taxable | Exempt (differs) | Exempt (differs) | Exempt (differs) | n.a. (differs) | Taxable | n.a. (differs) |
| Overtime | Taxable | Exempt (differs) | Taxable | Exempt (differs) | n.a. (differs) | Taxable | n.a. (differs) |
| Filing and Withholding Threshold Index | 3.333 | 5 (differs) | 0 (differs) | 1.98 (differs) | 10 (differs) | 2.5 (differs) | 10 (differs) |
Individual Income Taxes: Other Individual Income Variables
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Income Recapture | No | No | No | No | n.a. (differs) | No | n.a. (differs) |
Sales Taxes: Sales and Excise Tax Rates
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| State Sales Tax Rate | 6.10% | 5.60% (differs) | 2.90% (differs) | 6.00% (differs) | 6.85% (differs) | 4.88% (differs) | 4.00% (differs) |
| Average Local Sales Tax Rate | 1.32% | 2.94% (differs) | 4.99% (differs) | 0.03% (differs) | 1.39% (differs) | 2.80% (differs) | 1.39% (differs) |
| Maximum Local Sales Tax Rate | 4.70% | 5.30% (differs) | 9.10% (differs) | 3.00% (differs) | 1.525% (differs) | 4.5625% (differs) | 3.00% (differs) |
| Gasoline Tax (Cents per Gallon) | 32.55 | 19.00 (differs) | 30.18 (differs) | 33.00 (differs) | 24.81 (differs) | 18.88 (differs) | 24.00 (differs) |
| Diesel Tax (Cents per Gallon) | 38.55 | 19 (differs) | 35.68 (differs) | 33 (differs) | 27.75 (differs) | 22.88 (differs) | 24 (differs) |
| Cigarette Tax (Dollars per Pack of 20) | $2.20 | $2.00 (differs) | $2.24 (differs) | $0.57 (differs) | $1.80 (differs) | $2.00 (differs) | $0.60 (differs) |
| Beer Tax (Dollars per Gallon) | $0.4387 | $0.16 (differs) | $0.08 (differs) | $0.15 (differs) | $0.16 (differs) | $0.41 (differs) | $0.0189 (differs) |
| Spirits Tax (Dollars per Gallon) | $16.07 | $3.00 (differs) | $2.28 (differs) | $12.94 (differs) | $3.60 (differs) | $6.06 (differs) | $0.00 (differs) |
| Vapor Tax Ratio to Cigarette Tax | 185.7833% | n.a. (differs) | 146.5333% (differs) | n.a. (differs) | 78.50% (differs) | 27.7778% (differs) | 39.25% (differs) |
Sales Taxes: Business-to-Business Exemptions
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Business Inputs | Some Taxable | Some Taxable | Some Taxable | Some Taxable | Some Taxable | Some Taxable | Some Taxable |
| Farm Equipment | Exempt | Exempt | Exempt | Exempt | Exempt | Partial (differs) | Exempt |
| Office Equipment | Taxable | Taxable | Taxable | Taxable | Taxable | Taxable | Taxable |
| Manufacturing Machinery | Exempt | Exempt | Exempt | Exempt | Taxable (differs) | Exempt | Exempt |
| Manufacturing Raw Materials | Exempt | Exempt | Exempt | Exempt | Exempt | Exempt | Exempt |
| Business Fuel and Utilities | Exempt | Exempt | Exempt | Exempt | Taxable (differs) | Exempt | Exempt |
| Business Leases and Rentals | Taxable | Taxable | Taxable | Taxable | Taxable | Taxable | Taxable |
| Information Services | Exempt | Exempt | Exempt | Exempt | Exempt | Taxable (differs) | Exempt |
| Software as a Service (SaaS) | Taxable | Taxable | Exempt (differs) | Exempt (differs) | Exempt (differs) | Taxable | Exempt (differs) |
| Platform as a Service (PaaS) | Exempt | Taxable (differs) | Exempt | Exempt | Exempt | Taxable (differs) | Exempt |
| Digital B2B Products | Exempt | Exempt | Exempt | Exempt | Exempt | Taxable (differs) | Exempt |
| Payroll Services | Exempt | Exempt | Exempt | Exempt | Exempt | Taxable (differs) | Exempt |
| Data Center Purchases | Exempt | Taxable (differs) | Taxable (differs) | Exempt | Partial (differs) | Partial (differs) | Partial (differs) |
| Digital Advertising Tax | No | No | No | No | No | Yes (differs) | No |
Sales Taxes: Consumer Goods and Services in the Base
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Groceries | Alternate Rate | Exempt (differs) | Exempt (differs) | Taxable (differs) | Exempt (differs) | Exempt (differs) | Exempt (differs) |
| Clothing | Taxable | Taxable | Taxable | Taxable | Taxable | Taxable | Taxable |
| Prescription Medication | Exempt | Exempt | Exempt | Exempt | Exempt | Exempt | Exempt |
| Nonprescription Medication | Taxable | Taxable | Taxable | Taxable | Taxable | Taxable | Taxable |
| Gasoline | Exempt | Exempt | Exempt | Exempt | Exempt | Exempt | Exempt |
| Landscaping | Exempt | Taxable (differs) | Exempt | Exempt | Exempt | Taxable (differs) | Exempt |
| Repair Services | Taxable | Exempt (differs) | Exempt (differs) | Exempt (differs) | Exempt (differs) | Taxable | Taxable |
| Real Estate Services | Exempt | Exempt | Exempt | Exempt | Exempt | Taxable (differs) | Exempt |
| Parking | Exempt | Taxable (differs) | Exempt | Exempt | Exempt | Taxable (differs) | Exempt |
| Dry Cleaning | Taxable | Exempt (differs) | Exempt (differs) | Exempt (differs) | Exempt (differs) | Taxable | Taxable |
| Fitness Services | Taxable | Taxable | Exempt (differs) | Taxable | Exempt (differs) | Taxable | Exempt (differs) |
| Barber Services | Exempt | Exempt | Exempt | Exempt | Exempt | Taxable (differs) | Exempt |
| Veterinary Services | Exempt | Exempt | Exempt | Exempt | Exempt | Taxable (differs) | Exempt |
| E-Books | Taxable | Taxable | Taxable | Taxable | Exempt (differs) | Taxable | Taxable |
| Streaming Video | Taxable | Taxable | Taxable | Taxable | Exempt (differs) | Taxable | Taxable |
| Medical Services | Exempt | Exempt | Exempt | Exempt | Exempt | Taxable (differs) | Exempt |
| Legal Services | Exempt | Exempt | Exempt | Exempt | Exempt | Taxable (differs) | Exempt |
| Financial Services | Exempt | Exempt | Exempt | Exempt | Exempt | Taxable (differs) | Exempt |
| Accounting Services | Exempt | Exempt | Exempt | Exempt | Exempt | Taxable (differs) | Exempt |
| Sales Tax Holiday | No | No | No | No | Yes (differs) | Yes (differs) | No |
Sales Taxes: Sales Tax Structure
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Uniform Base Definitions | Yes | No (differs) | No (differs) | Yes | Yes | Yes | Yes |
| Unified Tax Administration | Yes | Yes | No (differs) | Yes | Yes | Yes | Yes |
| Safe Harbor for Remote Sellers | Gross Sales Threshold | Gross Sales Threshold | Gross Sales Threshold | Gross Sales Threshold | Sales or Transactions Threshold (differs) | Gross Sales Threshold | Gross Sales Threshold |
Property Taxes: Property and Capital Stock Tax Rates
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Property Tax Collections per Capita | $1,428 | $1,269 (differs) | $2,379 (differs) | $1,059 (differs) | $1,582 (differs) | $1,251 (differs) | $2,635 (differs) |
| Property Tax as a Percentage of Personal Income | 2.12% | 1.92% (differs) | 2.88% (differs) | 1.70% (differs) | 2.26% (differs) | 2.14% (differs) | 3.04% (differs) |
| Assessment Limit | No | Yes (differs) | No | No | No | Yes (differs) | Yes (differs) |
| Levy Limit | No | Yes (differs) | Yes (differs) | Yes (differs) | Yes (differs) | Yes (differs) | No |
| Capital Stock Tax Rate | None | None | None | None | None | None | 0.02% (differs) |
| Capital Stock Tax Maximum Payment | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | Unlimited (differs) |
| Payment Options for Capital Stock and Corporate Income Taxes | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | Pay both (differs) |
Property Taxes: Property Tax Bases
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Tangible Personal Property Tax | Yes | Yes | Yes | Yes | Yes | No (differs) | Yes |
| Tangible Personal Property De Minimis Exemption | $30,100 | $500,000 (differs) | $56,000 (differs) | $250,000 (differs) | None (differs) | n.a. (differs) | $75,000 (differs) |
| Intangible Property Tax | No | No | No | No | No | No | No |
| Inventory Tax | No | No | No | No | No | No | No |
| Real Estate Transfer Tax | No | No | Yes (differs) | No | Yes (differs) | No | No |
| Split Roll | Yes | Yes | Yes | No (differs) | No (differs) | Yes | Yes |
| Split Roll Ratio | 1.82 | 1.55 (differs) | 3.82 (differs) | 1.00 (differs) | 1.00 (differs) | 1.11 (differs) | 1.33 (differs) |
| Estate Tax | No | No | No | No | No | No | No |
| Inheritance Tax | No | No | No | No | No | No | No |
| Gift Tax | No | No | No | No | No | No | No |
Unemployment Insurance Taxes: UI Tax Rates
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Minimum Rate | 0.10% | 0.03% (differs) | 0.72% (differs) | 0.21% (differs) | 0.30% (differs) | 0.33% (differs) | 0.10% |
| Maximum Rate | 7.10% | 8.36% (differs) | 10.85% (differs) | 5.40% (differs) | 5.40% (differs) | 6.40% (differs) | 8.60% (differs) |
| Taxable Wage Base | $50,700 | $8,000 (differs) | $30,600 (differs) | $58,300 (differs) | $43,700 (differs) | $34,800 (differs) | $33,800 (differs) |
| Most Favorable Schedule: Minimum Rate | 0.00% | 0.02% (differs) | 0.51% (differs) | 0.18% (differs) | 0.25% (differs) | 0.33% (differs) | 0.00% |
| Most Favorable Schedule: Maximum Rate | 7.00% | 5.40% (differs) | 6.28% (differs) | 5.40% (differs) | 5.40% (differs) | 5.40% (differs) | 8.50% (differs) |
| Least Favorable Schedule: Minimum Rate | 0.00% | 0.02% (differs) | 0.75% (differs) | 0.96% (differs) | 0.25% (differs) | 0.33% (differs) | 0.00% |
| Least Favorable Schedule: Maximum Rate | 7.00% | 5.40% (differs) | 10.39% (differs) | 6.80% (differs) | 5.40% (differs) | 5.40% (differs) | 8.50% (differs) |
| Employer Contributions as a Share of Total Wages | 0.35% | 0.20% (differs) | 0.62% (differs) | 0.53% (differs) | 0.97% (differs) | 0.45% (differs) | 0.43% (differs) |
| Employer Contributions as a Share of Taxable Wages | 0.61% | 1.25% (differs) | 1.86% (differs) | 0.79% (differs) | 1.70% (differs) | 0.86% (differs) | 0.89% (differs) |
| Trust Fund Solvency Ratio | 1.15 | 0.9 (differs) | 0.4 (differs) | 1.47 (differs) | 0.83 (differs) | 0.56 (differs) | 2.36 (differs) |
| New Employer Rate | 3.00% | 2.00% (differs) | 1.70% (differs) | 3.34% (differs) | 2.95% (differs) | 1.00% (differs) | 3.00% |
Unemployment Insurance Taxes: Experience Formulas and Charging Methods
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Experience Formula Based On | Benefits Ratio | Reserve Ratio (differs) | Reserve Ratio (differs) | Reserve Ratio (differs) | Reserve Ratio (differs) | Benefits Ratio | Benefits Ratio |
| Benefits Charged in Proportion to Base-Period Wages | Yes | Yes | No (base-period employers in inverse chronological order) (differs) | No (most recent or principal employer) (differs) | No (most recent or principal employer) (differs) | Yes | Yes |
| Charged If Employee's Benefit Award Is Reversed | No | No | No | No | Yes (differs) | No | No |
| Charged for Reimbursements on Combined Wage Claims | No | No | No | No | No | Yes (differs) | Yes (differs) |
| Charged If Employee Left Voluntarily | No | No | No | No | No | No | No |
| Charged If Employee Was Discharged for Misconduct | No | No | No | No | No | No | No |
| Charged If Employee Refused Suitable Work | Yes | Yes | Yes | No (differs) | Yes | No (differs) | Yes |
| Charged If Employee Continues to Work Part-Time | No | No | No | No | Yes (differs) | No | No |
Unemployment Insurance Taxes: Other UI Base Variables
| Variable | Utah | Arizona | Colorado | Idaho | Nevada | New Mexico | Wyoming |
|---|---|---|---|---|---|---|---|
| Solvency Tax | No | No | Yes (differs) | No | No | No | Yes (differs) |
| Taxes for Socialized Costs or Negative Balance Employers | Yes | No (differs) | No (differs) | No (differs) | No (differs) | No (differs) | Yes |
| Loan and Interest Repayment Surtaxes | No | Yes (differs) | Yes (differs) | Yes (differs) | Yes (differs) | No | No |
| Reserve Taxes | No | No | No | Yes (differs) | No | No | No |
| Surtaxes for UI Administration or Non-UI Purposes | No | No | No | Yes (differs) | Yes (differs) | No | Yes (differs) |
| Temporary Disability Insurance | No | No | No | No | No | No | No |
| Voluntary Contributions | No | Yes (differs) | Yes (differs) | No | No | Yes (differs) | No |
| Years to Qualify for Experience Rating | 1 | 2 (differs) | 1 | 1.5 (differs) | 3 (differs) | 2 (differs) | 3 (differs) |
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About the Authors
Janelle Fritts is a Senior Policy Analyst with the Tax Foundation’s Center for State Tax Policy. She is the lead researcher on the annual State Tax Competitiveness Index and serves as a resource to policymakers in their efforts to modernize and improve the structures of their state tax codes. Her work has been cited in The New York Times, the Associated Press, Bloomberg, and numerous state media outlets across the country.
Jared Walczak is a Senior Fellow at the Tax Foundation, where he spent five years as Vice President of State Projects, and president of Walczak Policy Consulting.
Nicole Fox is a Policy Analyst with the Center for State Tax Policy at the Tax Foundation, where she serves as a resource to policymakers in their efforts to modernize and improve the structure of their state tax codes.
Katherine Loughead is the Vice President of State Tax Policy at the Tax Foundation, where she oversees the state tax policy team’s research agenda and serves as a resource to policymakers in their efforts to modernize and improve the structure of their state tax codes.
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