49-11-611 - Benefits and money in the fund exempt from taxation -- Exceptions. - Utah Statutes

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Statutes > Utah > Title-49 > Chapter-11 > 49-11-611

49-11-611. Benefits and money in the fund exempt from taxation -- Exceptions.
(1) Except as provided under Subsection (2), the benefits accrued or paid to anybeneficiary of any system or plan administered by the board and the contributions, money,securities, and other assets in the funds created by this title are exempt from any state, county, ormunicipal tax.
(2) An allowance, a refund of member contributions, or other benefits that are subject tofederal income tax, which is received by a member, retiree, alternate payee, participant, orbeneficiary of any system or plan administered by the board and which has not been taxed issubject to Title 59, Chapter 10, Individual Income Tax Act.

Renumbered and Amended by Chapter 250, 2002 General Session

State Codes and Statutes

Statutes > Utah > Title-49 > Chapter-11 > 49-11-611

49-11-611. Benefits and money in the fund exempt from taxation -- Exceptions.
(1) Except as provided under Subsection (2), the benefits accrued or paid to anybeneficiary of any system or plan administered by the board and the contributions, money,securities, and other assets in the funds created by this title are exempt from any state, county, ormunicipal tax.
(2) An allowance, a refund of member contributions, or other benefits that are subject tofederal income tax, which is received by a member, retiree, alternate payee, participant, orbeneficiary of any system or plan administered by the board and which has not been taxed issubject to Title 59, Chapter 10, Individual Income Tax Act.

Renumbered and Amended by Chapter 250, 2002 General Session

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State Codes and Statutes

Statutes > Utah > Title-49 > Chapter-11 > 49-11-611

49-11-611. Benefits and money in the fund exempt from taxation -- Exceptions.
(1) Except as provided under Subsection (2), the benefits accrued or paid to anybeneficiary of any system or plan administered by the board and the contributions, money,securities, and other assets in the funds created by this title are exempt from any state, county, ormunicipal tax.
(2) An allowance, a refund of member contributions, or other benefits that are subject tofederal income tax, which is received by a member, retiree, alternate payee, participant, orbeneficiary of any system or plan administered by the board and which has not been taxed issubject to Title 59, Chapter 10, Individual Income Tax Act.

Renumbered and Amended by Chapter 250, 2002 General Session