59-7-109 - Charitable contributions. - Utah Statutes

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59-7-109. Charitable contributions.
(1) Except as provided in Subsection (2), a subtraction is allowed for charitablecontributions made within the taxable year to organizations described in Section 170(c), InternalRevenue Code.
(2) The aggregate amount of charitable contributions deductible under this section maynot exceed 10% of the taxpayer's apportionable income. The limitation imposed in this subsectionshall be calculated on a combined basis in a combined report.
(3) Any charitable contribution made in a taxable year beginning on or after January 1,1994, which is in excess of the amount allowed as a deduction under Subsection (2) may becarried over to the five succeeding taxable years in the same manner as allowed under federallaw.

Amended by Chapter 311, 1995 General Session

State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-07 > 59-7-109

59-7-109. Charitable contributions.
(1) Except as provided in Subsection (2), a subtraction is allowed for charitablecontributions made within the taxable year to organizations described in Section 170(c), InternalRevenue Code.
(2) The aggregate amount of charitable contributions deductible under this section maynot exceed 10% of the taxpayer's apportionable income. The limitation imposed in this subsectionshall be calculated on a combined basis in a combined report.
(3) Any charitable contribution made in a taxable year beginning on or after January 1,1994, which is in excess of the amount allowed as a deduction under Subsection (2) may becarried over to the five succeeding taxable years in the same manner as allowed under federallaw.

Amended by Chapter 311, 1995 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-07 > 59-7-109

59-7-109. Charitable contributions.
(1) Except as provided in Subsection (2), a subtraction is allowed for charitablecontributions made within the taxable year to organizations described in Section 170(c), InternalRevenue Code.
(2) The aggregate amount of charitable contributions deductible under this section maynot exceed 10% of the taxpayer's apportionable income. The limitation imposed in this subsectionshall be calculated on a combined basis in a combined report.
(3) Any charitable contribution made in a taxable year beginning on or after January 1,1994, which is in excess of the amount allowed as a deduction under Subsection (2) may becarried over to the five succeeding taxable years in the same manner as allowed under federallaw.

Amended by Chapter 311, 1995 General Session