| (1) |
For purposes of a tax imposed by this chapter, the taxable year of a resident or nonresident individual or resident or nonresident estate or trust shall be the same as the taxable year of the resident or nonresident individual or resident or nonresident estate or trust for federal income tax purposes. |
Terms Used In Utah Code 59-10-122
- Individual: means a natural person and includes aliens and minors. See Utah Code 59-10-103
- nonresident estate: means a trust or estate which is not a resident estate or trust. See Utah Code 59-10-103
- Nonresident individual: means an individual who is not a resident of this state. See Utah Code 59-10-103
| (2) |
| (a) |
If the taxable year of a resident or nonresident individual or resident or nonresident estate or trust is changed for federal income tax purposes, that taxable year for purposes of a tax imposed by this chapter shall be changed in the same manner as the change for federal income tax purposes. |
| (b) |
If a change in a taxable year results in a taxable period of less than 12 months for federal income tax purposes, that same taxable period shall be used in computing a tax imposed by this chapter. |
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Amended by Chapter 389, 2008 General Session
