59-7-503 - Return where period changed. - Utah Statutes

State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-07 > 59-7-503

59-7-503. Return where period changed.
(1) If a corporation changes its taxable year in accordance with Section 59-7-502, a shortperiod return shall be made for the period of less than 12 months between the close of the lasttaxable year for which a return was made and the close of the new taxable year.
(2) Where a short period return is made under Subsection (1) on account of a change inthe accounting period, and in any other case where a short period return is required or permittedby rules prescribed by the commission to be made for a fractional part of a year, the tax shall becalculated at the rate provided in Section 59-7-104 for the period covered by the return assignableto business done in Utah.

Renumbered and Amended by Chapter 169, 1993 General Session

State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-07 > 59-7-503

59-7-503. Return where period changed.
(1) If a corporation changes its taxable year in accordance with Section 59-7-502, a shortperiod return shall be made for the period of less than 12 months between the close of the lasttaxable year for which a return was made and the close of the new taxable year.
(2) Where a short period return is made under Subsection (1) on account of a change inthe accounting period, and in any other case where a short period return is required or permittedby rules prescribed by the commission to be made for a fractional part of a year, the tax shall becalculated at the rate provided in Section 59-7-104 for the period covered by the return assignableto business done in Utah.

Renumbered and Amended by Chapter 169, 1993 General Session

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-07 > 59-7-503

59-7-503. Return where period changed.
(1) If a corporation changes its taxable year in accordance with Section 59-7-502, a shortperiod return shall be made for the period of less than 12 months between the close of the lasttaxable year for which a return was made and the close of the new taxable year.
(2) Where a short period return is made under Subsection (1) on account of a change inthe accounting period, and in any other case where a short period return is required or permittedby rules prescribed by the commission to be made for a fractional part of a year, the tax shall becalculated at the rate provided in Section 59-7-104 for the period covered by the return assignableto business done in Utah.

Renumbered and Amended by Chapter 169, 1993 General Session