Utah Code 59-7-802. Taxation of unrelated business income

(1)	An organization which is exempt from taxation as provided in Subsection 59-7-102(1) or Section 59-10-126 shall be subject to the tax imposed by this part on its Utah unrelated business income.

Business income: means the same as that term is defined in Section 59-7-302. See Utah Code 59-7-101
Income: includes losses. See Utah Code 59-7-101

(2)	Utah unrelated business income shall be taxed at the rate provided in Section 59-7-104 except that the minimum tax does not apply to organizations subject to the tax under this part.

Amended by Chapter 311, 1995 General Session