Utah Code 7-9-34. Tax exemption of credit unions
Current as of: 2023 | Check for updates
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(1) | Except as otherwise provided in this section, credit unions organized under this chapter or prior law are exempt from taxation. |
(a) | Chapter 9, Utah Credit Union Act; or |
(b) | 12 U. See Utah Code 7-1-103 |
(2) | Any real property or any tangible personal property owned by the credit union shall be subject to taxation to the same extent as other similar property is taxed. |
(3) | For purposes of the corporate tax, credit unions shall be governed by Section 59-7-102. |
(4) | This section does not exempt credit unions from sales or use taxes, or fees owed to the department in accordance with this title and rules of the department. |
Amended by Chapter 178, 1994 General Session