Utah Named One of the Best Tax Climates for Businesses
by David Ellis
on Monday, November 12th, 2012 at 8:48pm.
Looking for some tax relief? According to a study conducted by The Tax Foundation, Utah has one of the top 10 climates in the nation for businesses. See the Tax Foundation's Report.
The report ranks States according to how business friendly they are, and has Utah ranked 3rd in the nation for property taxes, and 5th for corporate taxes - with an overall ranking of 10. Utah's sales tax rate is ranked 22nd in the U.S.
Touting Utah's business-friendly atmosphere, Spencer P. Eccles, Executive Director of the Utah Governor's Office of Economic Development, said "We've done a good job ensuring that we have a very business-friendly environment in the state of Utah and that's attractive to companies...whether you're talking about Salt Lake or all the way down to Washington County, we're finding that we're winning all over the place."
The State of Utah has maintained a philosophy of fiscal convervancy, and currently boasts one of the strongest economies in the nation - and with the nations youngest workforce in America at 28 years old, and and half a million kids K-12, the state is poised for many decades of economic success.