There is a newer version of the Utah Code
2006 Utah Code - Chapter 07 — Corporate Franchise and Income Taxes
- 59-7-101 — Definitions.
- 59-7-102 — Exemptions.
- 59-7-103 — Chapter applicable to receivers, trustees in bankruptcy and assignees.
- 59-7-104 — Tax -- Minimum tax.
- 59-7-105 — Additions to unadjusted income.
- 59-7-106 — Subtractions from unadjusted income.
- 59-7-107 — Basis.
- 59-7-108 — Distributions by corporations.
- 59-7-109 — Charitable contributions.
- 59-7-110 — Utah net losses -- Carryforwards and carrybacks.
- 59-7-111 — Safe harbor lease provisions.
- 59-7-112 — Installment sales.
- 59-7-113 — Allocation of income and deductions between several corporations controlled by same interests.
- 59-7-114 — Section 338, Internal Revenue Code -- Elections.
- 59-7-115 — Section 336(e), Internal Revenue Code -- Elections.
- 59-7-116 — Taxation of regulated investment companies.
- 59-7-116.5 — Real estate investment trusts.
- 59-7-117 — Equitable adjustments.
- 59-7-201 — Tax -- Minimum tax.
- 59-7-203 — Computation of Utah taxable income.
- 59-7-204 — Income attributed to sources within the state.
- 59-7-205 — Applicability of Parts 5 and 6 of chapter.
- 59-7-206 — Offsets against tax.
- 59-7-207 — Corporations becoming subject to tax -- Assessment under other sections.
- 59-7-208 — Provisions followed for purposes of tax collected.
- 59-7-302 — Definitions.
- 59-7-303 — Apportionable income.
- 59-7-305 — When taxable in another state.
- 59-7-306 — Allocation of certain nonbusiness income.
- 59-7-307 — Allocation of rents and royalties.
- 59-7-308 — Allocation of capital gains and losses.
- 59-7-309 — Allocation of interest and dividends.
- 59-7-310 — Allocation of patent and copyright royalties.
- 59-7-311 — Method of apportionment of business income.
- 59-7-312 — Property factor for apportionment of business income.
- 59-7-313 — Valuation of property for inclusion in property factor.
- 59-7-314 — Averaging property values for inclusion in property factors.
- 59-7-315 — Payroll factor for apportionment of business income.
- 59-7-316 — Determination of compensation for inclusion in payroll factor.
- 59-7-317 — Sales factor for apportionment of business income.
- 59-7-318 — Sales of tangible personal property.
- 59-7-319 — Sales of items other than tangible personal property -- When deemed to occur in this state.
- 59-7-320 — Equitable adjustment of standard allocation or apportionment.
- 59-7-321 — Construction.
- 59-7-401 — Determining threshold level of business activity for corporations organized or incorporated outside of the United States.
- 59-7-402 — Water's edge combined report.
- 59-7-403 — Worldwide combined report.
- 59-7-404 — Calculation of unadjusted income for combined reporting.
- 59-7-404.5 — Adjustment to apportionment factors for corporations in a combined report -- Sales factor -- Property factor.
- 59-7-405 — Commission empowered to make rules.
- 59-7-501 — Accounting periods -- Methods of accounting.
- 59-7-502 — Change of taxable year or accounting period.
- 59-7-503 — Return where period changed.
- 59-7-504 — Estimated tax payments -- Penalty -- Waiver.
- 59-7-505 — Returns required -- When due -- Extension of time -- Exemption from filing.
- 59-7-506 — Corporations to keep records -- Special returns.
- 59-7-507 — Payment of tax.
- 59-7-508 — Audit of returns.
- 59-7-509 — Failure to file return -- Penalty.
- 59-7-510 — Deficiency -- Interest.
- 59-7-511 — Penalty added to underpayments.
- 59-7-512 — Addition to tax in case of nonpayment.
- 59-7-513 — Interest when time for payment extended.
- 59-7-514 — Extension of time to pay deficiency.
- 59-7-515 — Interest when deficiency extended.
- 59-7-516 — "Deficiency" defined.
- 59-7-517 — Notice of deficiency -- Petition for redetermination.
- 59-7-518 — Sufficiency of notice.
- 59-7-519 — Period of limitation for making assessments -- Change, correction, or amendment of federal income tax -- Duty of corporation to notify state.
- 59-7-520 — Limitation for enforcing collection.
- 59-7-521 — Suspension of running of statute of limitations.
- 59-7-522 — Overpayments.
- 59-7-523 — Period of limitation for claiming refund.
- 59-7-524 — Collection agents -- Bond.
- 59-7-525 — Further powers of commission.
- 59-7-526 — Collection of tax by warrant.
- 59-7-527 — Duties of sheriff.
- 59-7-528 — Failure to make return or supply information -- Penalty.
- 59-7-529 — General violations and penalties.
- 59-7-530 — Power to waive penalties or interest.
- 59-7-531 — Venue of offenses -- Evidence.
- 59-7-532 — Revenue received by commission -- Deposit with state treasurer -- Distribution or crediting to Uniform School Fund -- Refund claim payments.
- 59-7-533 — Interest on overpayments.
- 59-7-534 — Failure to pay tax -- Suspension or forfeiture of corporate rights.
- 59-7-535 — Doing business thereafter -- Penalty.
- 59-7-536 — Relief in case of suspension or forfeiture.
- 59-7-537 — Confidentiality of information.
- 59-7-601 — Credit of interest income from state and federal securities.
- 59-7-602 — Credit for cash contributions to sheltered workshops.
- 59-7-603 — Credit for sophisticated technological equipment donated to schools.
- 59-7-605 — Definitions -- Tax credit -- Cleaner burning fuels.
- 59-7-606 — Tax credit -- Items using cleaner burning fuels.
- 59-7-607 — Utah low-income housing tax credit.
- 59-7-608 — Targeted jobs tax credit.
- 59-7-609 — Historic preservation credit.
- 59-7-610 — Recycling market development zones tax credit.
- 59-7-612 — Credits for research activities conducted in the state -- Carry forward -- Commission to report modification or repeal of federal credits -- Tax Review Commission study.
- 59-7-613 — Credits for machinery, equipment, or both primarily used for conducting qualified research or basic research -- Carry forward -- Commission to report modification or repeal of federal credits -- Tax Review Commission study.
- 59-7-614 — Renewable energy systems tax credit -- Definitions -- Limitations -- State tax credit in addition to allowable federal credits -- Certification -- Rulemaking authority -- Reimbursement of Uniform School Fund.
- 59-7-614.1 — Refundable tax credit for hand tools used in farming operations -- Procedures for refund -- Transfers from General Fund to Uniform School Fund -- Rulemaking authority.
- 59-7-615 — Removal of tax credit from tax form and prohibition on claiming or carrying forward a tax credit -- Conditions for removal and prohibition on claiming or carrying forward a tax credit -- Commission reporting requirements.
- 59-7-701 — Taxation of S corporations.
- 59-7-702 — Taxation of shareholders.
- 59-7-703 — Payment or withholding of tax on behalf of nonresident shareholders -- Rate.
- 59-7-704 — Amount taxable.
- 59-7-705 — Application of minimum tax.
- 59-7-706 — Distribution of revenues received.
- 59-7-707 — Commission empowered to make rules.
- 59-7-801 — Definitions.
- 59-7-802 — Taxation of unrelated business income.
- 59-7-803 — Filing returns -- Extension.
- 59-7-804 — Transition rule -- Net loss carryforwards.
- 59-7-805 — Apportionment provisions.
Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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