Utah Code 59-7-309. Allocation of interest and dividends
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Terms Used In Utah Code 59-7-309
- Commercial domicile: means the principal place from which the trade or business of the taxpayer is directed or managed. See Utah Code 59-7-302
- Income: includes losses. See Utah Code 59-7-101
- State: means any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, any territory or possession of the United States, and any foreign country or political subdivision thereof. See Utah Code 59-7-302
- Taxpayer: means any corporation subject to the tax imposed by this chapter. See Utah Code 59-7-101
To the extent they constitute nonbusiness income, interest and dividends are allocable to this state if the taxpayer‘s commercial domicile is in this state.
Amended by Chapter 83, 1994 General Session