Employment

Utah County Employment by Major Industry

Springville Labor Force

Springville offer a potential employer the opportunity to tap into an enthusiastic workforce.  Springville residences display a strong emphasis on quality of life.  Companies such as Nestle Corporation and Wal-Mart Corporation have recognized Springville’s work force and its ability to offer foreign language expertise, foreign service experience, high education levels, and a strong work ethic.  Springville is part of the growing Utah Valley's 176,703 - person work force.  Springville’s strategic location allows its companies to draw upon both the Utah county metro area labor market and the Salt Lake Valley labor market, which adds an additional 600,000-plus worker to the pool.

Major Employers in Springville

Taxation

Property Tax: Cities and towns receive a portion of property taxes paid on all property within the jurisdiction. Typically, approximately 15% of the total property tax paid is remitted to a city or town, however, this percentage varies by jurisdiction. For more detailed information on property taxes, please visit the Utah State Tax Commission Property Tax Division website at: http://www.tax.ex.state.ut.us/property/.

Sales Tax: The sales tax rate assessed by the State of Utah is 4.75 percent. The tax applies to sales or leases of tangible personal property, transportation charges, intrastate telephone service; meals; gas, electricity or other fuels sold for residential or commercial use; admission or users fees, use of amusement devices; hotel and motel accommodations; and cleaning or repair of tangible personal property. Currently, there are 52 sales tax exemption provisions in place. All money collected from the State sales tax is remitted to the State of Utah. For more detailed information on sales taxes, please visit the Utah State Tax Commission Sales Tax Division website at: http://www.tax.ex.state.ut.us/sales/SALESTAX.HTM.

Local Option Sales Tax : Cities and towns can impose a sales tax rate, up to 1 percent, that is added to the state sales tax rate. Currently, all 237 cities and towns in Utah impose the optional 1% sales tax rate. The sales tax generated is distributed to cities and towns based on the following formula: 50 percent is returned to the point of sale and 50 percent is distributed based on population.  From and after January 1, 1990, there is levied, and there shall be collected and paid, a tax upon every retail sale of tangible personal property, services, and meals made within the City at the rate of one percent.
Rate = .0625

Corporate Income Tax: Corporate income tax in Springville is set by state statute. Utah’s corporate tax rate is among the lowest in the Rocky Mountain Region, which in turn is among the lowest in the country. Rate = 5.0

Public Transit Sales Tax: The rate of this tax is ¼ to ½ of 1 percent and is added to purchases, where approved by voters,to finance local bus service. This is a county-option sales tax. Where approved, proceeds of this tax are remitted to the local bus service provider.

Highway Tax: In communities where the ¼ to ½ of 1 percent tax is not imposed for local bus service, the community may impose this tax for the construction and maintenance of highways. This is a city- or town-option sales tax. Where approved, proceeds of this tax are remitted to the city or town.

Botanical, Cultural & Zoological Tax (ZAP tax): This is a county-option sales tax to fund botanical, cultural and zoological activities and centers. This rate of this tax is 1/10 of 1 percent. The tax is currently assessed in Salt Lake, Summit, Uintah and Utah counties. Where approved, proceeds of this tax are remitted to the county.

Transient Room Tax: The rate of this county-option tax is up to 3 percent of defined accommodation charges. Where remitted proceeds of this tax are remitted to the county.

Municipal Transient Room Tax: The rate of this city- or town-option tax is up to 1 ½ percent of defined accommodation charges. Where approved, proceeds of this tax are remitted to the city or town.

Resort Community Sales Tax: The rate of this city- or town-option tax is up to 1 percent of the purchase price on the same transactions as the state and local option sales tax. This tax may be imposed by municipalities whose transient room capacity equals or exceeds 66% of the permanent population. The tax is currently assessed by the municipalities of Green River, Boulder, Panguitch, Moab, East Green River, Kanab, Park City, Brianhead, Alta, Springdale and Tropic. Monticello also imposes the tax, but only for ½ percent. Where approved, proceeds of this tax are remitted to the city or town.

Restaurant Sales Tax: The rate of this county-option tax is up to 1%. This sales tax is in addition to state and local option sales taxes at restaurants. Where approved, proceeds from this tax are remitted to the county.

Short-term Lease and Rental Taxes on Motor Vehicles: A statewide motor vehicle rental tax of 2.5 percent is imposed on all short term leases and rentals of motor vehicles. Proceeds from this tax are remitted to the State of Utah to preserve transportation corridors, promote long-term transportation planning, sale on acquisition of real property for state, county and municipal transportation and minimize impact on prime agricultural land. In addition, counties may impose up to 7 percent to fund tourism, recreation and convention facilities. Currently, the counties of Davis, Duschene, Grand, Morgan, Sevier, Salt Lake, Uintah, Washington and Weber impose a tourism rate of 5.5 percent. Where approved, the proceeds of the county-option rate are remitted to the county.

Tourism, Recreation, Cultural and Convention Facilities Tax: This county-option tax can be imposed as up to 3% on short term leases of motor vehicles, up to 1 percent in restaurants, and/or up to ½ of 1 percent for every hotel, motel or inn room rented. Where approved, the proceeds of this tax are remitted to the county.

Municipal Energy Sales and Use Tax: This city- or town-option tax of up to 6% may be charged on electric and natural gas users in the community. Where approved, the proceeds of this tax are remitted to the city or town.

Class C Road Monies (Motor Fuel Tax): The state tax on motor vehicle fuel is 24.5 cents per gallon. Cities and towns receive 25% of the proceeds of this tax. The state receives the remaining 75%.

Uniform Vehicle Fee (Fee in Lieu of Property Tax): The uniform vehicle fee replaces the property tax that was assessed on vehicles prior to 1999. The fee is based on the age of the vehicle and ranges from $10 for a vehicle 12+ years old to $150 for a vehicle less than 3 years old. Cities and towns receive a proportionate share of the fee revenue based on the property tax breakdown (i.e. if a city/town receives 13.4% of the total property tax bill, then that same city/town receives 13.4% of the uniform vehicle fee revenue collected).

User Fee: A user fee is a service charge assessed for use of a specific service. For example, the money paid for water used is a user fee. Similarly, the admission fee paid to participate in a recreational program or to swim or to golf is considered a user fee.

CDBG: Community Development Block Grant – these are federal funds that cities may receive, either directly from the federal government or from the federal government through the state or county, to fund programs and activities in income-eligible areas. For more information on the CDBG program, see the Housing and Urban Development website at: http://www.hud.gov/progdesc/cdbgent.cfm