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Utah

Utah legislative leaders approve new revenue estimates

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  • My2Cents Kearns, UT
    Dec. 15, 2010 5:19 a.m.

    Will affect small business? Not likely, most of them already pay quarterly. Who this will affect is the billion dollar business who are use collected taxes interest free business use loans. The people and the state have the right to these funds, not the business. IF these business want to borrow these taxes at say 10%+ interest short term we ought to at least get some benefit of paying the taxes.

    Closing this loop hole is the state prerogative. In-fact it should be made a crime to use collected taxes as investments or operating expenses of a business. How would they like a monthly tax collection and do some good for the state.