59-10-544. General powers and duties of the commission — Deposit, distribution, or credit of revenues — Refund reverts to state under certain circumstances.
| (1) |
Terms Used In Utah Code 59-10-544- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
| (a) |
The commission shall administer and enforce a tax imposed under this chapter for which purpose it may divide the state into districts in each of which a branch office of the commission may be maintained. |
| (b) |
A county may not be divided in forming a district. |
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| (2) |
| (a) |
The commission shall deposit at least quarterly all revenue collected or received by the commission under this chapter with the state treasurer. |
| (b) |
Subject to Sections 59-10-529 and 59-10-531, the commission shall distribute and credit, at least quarterly and based on a pro rata share of Income Tax Fund and Uniform School Fund appropriations for the current fiscal year, the revenue described in Subsection (2)(a) to:
| (i) |
the Income Tax Fund; and |
| (ii) |
the Uniform School Fund in accordance with Section 53F-9-201.1. |
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| (c) |
The commission may credit to or draw from the Income Tax Fund and the Uniform School Fund:
| (i) |
annually to adjust for differences between estimates and actual amounts; or |
| (ii) |
in the proportion described in Subsection (2)(b) to issue a refund. |
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| (d) |
If a refund the commission makes is not claimed within two years from the date the commission issues the refund:
| (i) |
the refund reverts to the state to be credited to the Income Tax Fund; and |
| (ii) |
no further claim may be made on the commission for the amount of the refund. |
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Amended by Chapter 456, 2022 General Session
