2006 Utah Code - 59-10-102 (Repealed 01/01/07) — Declaration of intent.

     59-10-102 (Repealed 01/01/07).   Declaration of intent.
     The intent of the Legislature in the enactment of this chapter is to accomplish the following objectives:
     (1) to impose on each resident individual, estate, or trust for each taxable year a tax measured by the amount of his "taxable income" for such year, as determined for federal income tax purposes, subject to certain adjustments; and
     (2) to impose on each nonresident individual, estate, or trust for each taxable year a tax measured by the amount allocable to this state of his "taxable income" for such year, as determined for federal income tax purposes, subject to certain adjustments; and
     (3) to adopt for Utah individual income tax purposes, by reference, the provisions of the federal income tax laws which are applicable in arriving at the amount of income subject to tax for federal income tax purposes which, it is believed, will:
     (a) promote consistency in tax treatment of persons required to file returns of income for both federal individual income tax and Utah individual income tax purposes; and
     (b) enable a taxpayer to prepare his required Utah income tax return for any taxable year with a minimum expenditure of additional time and effort after having prepared his federal income tax return for such year;
     (4) to conform, to the extent practicable, certain of the existing rules of procedure under and for the administration of the Utah individual income tax law to corresponding or apposite rules of administration and procedure prescribed by the federal income tax laws, with a view to reduction of duplication of effort, promotion of better understanding of requirements, and greater consistency between state and federal procedures and administration.

Renumbered and Amended by Chapter 2, 1987 General Session
Renumbered and Amended by Chapter 2, 1987 General Session