State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-07 > 59-7-317

59-7-317. Sales factor for apportionment of business income -- Transportationrevenues of an airline.
(1) Except as provided in Subsection (2), the sales factor is a fraction, the numerator ofwhich is the total sales of the taxpayer in this state during the tax period, and the denominator ofwhich is the total sales of the taxpayer everywhere during the tax period.
(2) The total sales of an airline in this state during the tax period attributable totransportation revenues in this state during the tax period for purposes of the numerator of thefraction described in Subsection (1) shall be calculated by determining the product of:
(a) the total transportation revenues during the tax period of the airline; and
(b) a fraction, the numerator of which is the Utah revenue ton miles and the denominatorof which is the airline revenue ton miles.

Amended by Chapter 283, 2008 General Session