| (1) |
For purposes of this part, any supplemental unemployment compensation benefit paid to an individual, and any payment of an annuity to an individual, if at the time the payment is made a request that such annuity be subject to withholding under this part is in effect, shall be treated as if it were a payment of wages by an employer to an employee for a payroll period. |
Terms Used In Utah Code 59-10-404
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Employee: means the same as that term is defined in Section 59-10-401. See Utah Code 59-10-103
- Employer: means the same as that term is defined in Section 59-10-401. See Utah Code 59-10-103
- Individual: means a natural person and includes aliens and minors. See Utah Code 59-10-103
- Person: means :Utah Code 68-3-12.5
- Wages: means the same as that term is defined in Section 59-10-401. See Utah Code 59-10-103
- Writing: includes :Utah Code 68-3-12.5
| (2) |
For purposes of Subsection (1), “supplemental unemployment compensation benefits” means amounts that are paid to an employee pursuant to a plan to which the employer is a party, because of an employee’s involuntary separation from employment, whether or not such separation is temporary, resulting directly from a reduction in force, the discontinuance of a plant or operation, or other similar conditions, but only to the extent such benefits are includable in the employee’s gross income. |
| (4) |
For purposes of this section, “annuity” means any amount paid to an individual as a pension or annuity, but only to the extent that the amount is includable in the gross income of such individual. |
| (5) |
A request that an annuity be subject to withholding under this part shall be made by the payee in writing to the person making the annuity payments. The request may be terminated by furnishing to the person making the payments a written statement of termination which shall be treated as a withholding exemption certificate for purposes of Section 59-10-403. |
Amended by Chapter 375, 1997 General Session
