2006 Utah Code - 59-10-206 — Character of state taxable income of nonresident estate or trust.

     59-10-206.   Character of state taxable income of nonresident estate or trust.
In determining the state taxable income derived from Utah sources, the state taxable income of a nonresident estate or trust shall consist of:
     (1) its share of items of income, gain, loss, and deduction that enter into the federal definition of distributable net income as defined in Subsection (a), Section 643, Internal Revenue Code;
     (2) increased or decreased by the amount of any items of income, gain, loss, or deduction which are recognized for federal income tax purposes but excluded from the federal definition of distributable net income of the estate or trust;
     (3) less the amount of the deduction for its federal exemption.

Amended by Chapter 345, 1995 General Session