59-8-104. Rate -- Change of rate.
(1) Beginning on or after July 1, 2006, and subject to Section, an in lieu excise tax is imposed on the gross receipts of a taxpayer engaging in business in the state of Utah in each taxable year as follows: 11-13-303
(2) It is the intent of the Legislature that, as a result of the tax rate decrease provided in Sectionof Chapter 221, Laws of Utah 2006, all or a portion of any cost decrease received by a taxpayer as a result of the tax rate decrease be used in whole or in part for expenditures, scholarships, or grants that will benefit the citizens of this state. 59-8-104