59-7-802. Taxation of unrelated business income.
78 words·~1 min read·
/ut/title-59/chapter-7/59-7-802A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
59-7-802. Taxation of unrelated business income.
(1)An organization which is exempt from taxation as provided in Subsection 59-7-102(1) or Section 59-10-126 shall be subject to the tax imposed by this part on its Utah unrelated business income.
(2)Utah unrelated business income shall be taxed at the rate provided in Section 59-7-104 except that the minimum tax does not apply to organizations subject to the tax under this part.
Amended by Chapter 311 , 1995 General Session