2006 Utah Code - 59-10-105 (Repealed 01/01/07) — Optional tax -- Calculation -- Commission authority to prescribed tax tables -- Exemption.

     59-10-105 (Repealed 01/01/07).   Optional tax -- Calculation -- Commission authority to prescribed tax tables -- Exemption.
     (1) (a) Except as provided in Subsection (4), for taxable years beginning on or after January 1, 2002, if the commission prescribes state individual income tax tables in accordance with Subsection (2), a tax is imposed as provided in this section on the state taxable income of an individual who elects to compute the individual's income tax in accordance with the state individual income tax tables prescribed by the commission.
     (b) An individual who pays a tax imposed by this section is not subject to the tax imposed by Section 59-10-104.
     (2) The commission may prescribe state individual income tax tables:
     (a) for a taxable year;
     (b) for purposes of computing the tax authorized by this section; and
     (c) if the state individual income tax tables are substantially in accordance with Section 3, Internal Revenue Code, except that the commission shall use:
     (i) the tax rates and tax brackets provided for in Section 59-10-104;
     (ii) state taxable income as defined in Section 59-10-112; and
     (iii) any other provision of this chapter necessary to prescribe state individual income tax tables under this section.
     (3) An individual electing to compute the individual's income tax in accordance with this section shall use the:
     (a) standard deduction as provided in Section 63(c), Internal Revenue Code; and
     (b) number and amount of exemptions allowed by Section 151, Internal Revenue Code.
     (4) This section does not apply to an individual exempt from taxation under Section 59-10-104.1.

Amended by Chapter 323, 2001 General Session
Amended by Chapter 323, 2001 General Session