Sen. Dan McCay (R)

HB 374 (Apportionment of Business Income Amendments)

Libertas Institute supports this bill.

This bill allows the use of an elective single sales factor for corporate income taxes in order to create a more business friendly climate in Utah.

Libertas supports this bill. This change in tax policy will help Utah remain competitive with other states that are also reconsidering their formulas for state corporate income taxes.