GroundRules
15-31-121: Rate of tax -- minimum tax -- distribution of revenue.
Where this section sits in the code
- TITLE 15. TAXATION
- CHAPTER 31. CORPORATE INCOME TAX OR ALTERNATIVE CORPORATE INCOME TAX
- Part 1. Corporate Income Tax Rate and Return
(1) Except as provided in subsection (2), the percentage of net income to be paid under 15-31-101 is 6 3/4% of all net income for the tax period.
(2) For a taxpayer making a water's-edge election, the percentage of net income to be paid under 15-31-101 is 7% of all taxable net income for the tax period.
(3) Each corporation subject to taxation under this part shall pay a minimum tax of not less than $50.
Collected 2026-09-14T04:47:23Z. Source file · JSON