59-7-404.5. Adjustment to apportionment factors for corporations in a combined report -- Sales factor -- Property factor.
174 words·~1 min read·
/ut/title-59/chapter-7/59-7-404-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/13/2014
59-7-404.5. Adjustment to apportionment factors for corporations in a combined report -- Sales factor -- Property factor.
For purposes of apportionment under Part 3, Allocation and Apportionment of Income - Utah UDITPA Provisions :
(1)corporations filing a combined report under Section 59-7-402 or 59-7-403 may not include intercompany sales or other intercompany transactions between the corporations included in the combined report in determining the sales factor;
(2)corporations filing a combined report under Section 59-7-402 or 59-7-403 may not include intercompany rents or other intercompany transactions between the corporations included in the combined report in determining the property factor; and
(3)the amounts of the numerators in this state of the property, payroll, and sales factors of an out-of-state business, as defined in Section 53-2a-1202 , that are directly related to disaster- or emergency-related work, as defined in Section 53-2a-1202 , during a disaster period, as defined in Section 53-2a-1202 , may not be included in the apportionment fraction of the combined group.
Amended by Chapter 376 , 2014 General Session