The Utah State Tax Commission October 1 announced the interest rate for delinquent individual income, corporate income, trust income, sales and use, excise, and property taxes. The interest rate decreases to 2 percent for calendar year 2021 from 4 percent for calendar years 2019 and 2020. Payments are applied to penalties, interest, and tax, in that order. [Utah Tax Comm’n, Interest Rates, 10/01/20]
Reference: View Source Document.
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.