2006 Utah Code - 59-7-516 — "Deficiency" defined.

     59-7-516.   "Deficiency" defined.
     In respect of a tax imposed by this chapter "deficiency" means:
     (1) the amount by which the tax imposed by this chapter exceeds the amount shown as the tax by the taxpayer upon its return; but the amount so shown on the return shall first be increased by the amounts previously assessed (or collected without assessment) as a deficiency, and decreased by the amounts previously abated, credited, refunded, or otherwise repaid in respect of such tax; or
     (2) if no amount is shown as the tax by the taxpayer upon its return, or if no return is made by the taxpayer, then the amount by which the tax exceeds the amounts previously assessed (or collected without assessment) as a deficiency; but such amounts previously assessed (or collected without assessment) shall first be decreased by the amounts previously abated, credited, refunded, or otherwise repaid in respect of such tax.

Renumbered and Amended by Chapter 169, 1993 General Session