2006 Utah Code - 59-10-510 — Return of electing small business corporation.

     59-10-510.   Return of electing small business corporation.
     Every electing small business corporation (as defined in Section 1371(a)(2) of the Internal Revenue Code) shall make a return for each taxable year, stating specifically the items of its gross income and the deductions allowable by Subtitle A of the Internal Revenue Code, the names and addresses of all persons owning stock in the corporation at any time during the taxable year, the number of shares of stock owned by each shareholder at all times during the taxable year to each shareholder, the date of each such distribution, and such other information as the commission may by forms and rules prescribe. Any return filed pursuant to this section shall, for the purposes of Section 59-10-536 (relating to limitations), be treated as a required return filed by the corporation.

Renumbered and Amended by Chapter 2, 1987 General Session