2006 Utah Code - 59-10-124 — Adjustments between taxable years after change in accounting method.

     59-10-124.   Adjustments between taxable years after change in accounting method.
     In computing a taxpayer's state taxable income for any taxable year under a method of accounting different from the method under which the taxpayer's state taxable income for the previous year was computed, there shall be taken into account those adjustments which are determined, under rules prescribed by the commission, to be necessary solely by reason of the change, to prevent double inclusion or exclusion of an item of gross income, or double allowance or disallowance of an item of deduction or credit.

Renumbered and Amended by Chapter 2, 1987 General Session