There is a newer version of the Utah Code
Utah Title 59 — Revenue And Taxation :: 59-1-1304 — Penalty For Taxpayer Failure To Disclose A Reportable Transaction.
59-1-1304. Penalty for taxpayer failure to disclose a reportable transaction.(1) (a) Except as provided in Subsection (1)(b), a taxpayer that fails to disclose a reportable transaction as required by Section 59-1-1303 is subject to a penalty of ,000.
(b) A taxpayer that fails to disclose a listed transaction as required by Section 59-1-1303 is subject to a penalty of ,000.
(2) A penalty imposed by this section is in addition to any other penalty imposed by this title.
Enacted by Chapter 237, 2006 General Session
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