59-10-122 - Taxable year. - Utah Statutes

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Statutes > Utah > Title-59 > Chapter-10 > 59-10-122

59-10-122. Taxable year.
(1) For purposes of a tax imposed by this chapter, the taxable year of a resident ornonresident individual or resident or nonresident estate or trust shall be the same as the taxableyear of the resident or nonresident individual or resident or nonresident estate or trust for federalincome tax purposes.
(2) (a) If the taxable year of a resident or nonresident individual or resident ornonresident estate or trust is changed for federal income tax purposes, that taxable year forpurposes of a tax imposed by this chapter shall be changed in the same manner as the change forfederal income tax purposes.
(b) If a change in a taxable year results in a taxable period of less than 12 months forfederal income tax purposes, that same taxable period shall be used in computing a tax imposedby this chapter.

Amended by Chapter 389, 2008 General Session

State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-10 > 59-10-122

59-10-122. Taxable year.
(1) For purposes of a tax imposed by this chapter, the taxable year of a resident ornonresident individual or resident or nonresident estate or trust shall be the same as the taxableyear of the resident or nonresident individual or resident or nonresident estate or trust for federalincome tax purposes.
(2) (a) If the taxable year of a resident or nonresident individual or resident ornonresident estate or trust is changed for federal income tax purposes, that taxable year forpurposes of a tax imposed by this chapter shall be changed in the same manner as the change forfederal income tax purposes.
(b) If a change in a taxable year results in a taxable period of less than 12 months forfederal income tax purposes, that same taxable period shall be used in computing a tax imposedby this chapter.

Amended by Chapter 389, 2008 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-10 > 59-10-122

59-10-122. Taxable year.
(1) For purposes of a tax imposed by this chapter, the taxable year of a resident ornonresident individual or resident or nonresident estate or trust shall be the same as the taxableyear of the resident or nonresident individual or resident or nonresident estate or trust for federalincome tax purposes.
(2) (a) If the taxable year of a resident or nonresident individual or resident ornonresident estate or trust is changed for federal income tax purposes, that taxable year forpurposes of a tax imposed by this chapter shall be changed in the same manner as the change forfederal income tax purposes.
(b) If a change in a taxable year results in a taxable period of less than 12 months forfederal income tax purposes, that same taxable period shall be used in computing a tax imposedby this chapter.

Amended by Chapter 389, 2008 General Session