Terms Used In Utah Code > Title 59 > Chapter 2 > Part 11 - Exemptions

• Acquisition cost: includes :

  (i)	the purchase price of a new or used item;

  (ii)	the cost of freight, shipping, loading at origin, unloading at destination, crating, skidding, or any other applicable cost of shipping;

  (iii)

  the cost of installation, engineering, rigging, erection, or assembly, including foundations, pilings, utility connections, or similar costs; and

  (iv)

  sales and use taxes. See Utah Code 59-2-102 Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant. Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account. Contract: A legal written agreement that becomes binding when signed. Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name. County legislative body: means :Utah Code 68-3-12.5 Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other. Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value. Governing body: means : (a)  for a county, city, or town, the legislative body of the county, city, or town; (b)  for a special district under Title 17B, Limited Purpose Local Government Entities - Special Districts, the special district's board of trustees; (c)  for a school district, the local board of education; (d)  for a special service district under Title 17D, Chapter 1, Special Service District Act: (i)  the legislative body of the county or municipality that created the special service district, to the extent that the county or municipal legislative body has not delegated authority to an administrative control board established under Section 17D-1-301; or (ii)  the administrative control board, to the extent that the county or municipal legislative body has delegated authority to an administrative control board established under Section 17D-1-301; or (e)  for a public infrastructure district under Title 17D, Chapter 4, Public Infrastructure District Act, the public infrastructure district's board of trustees. See Utah Code 59-2-102 Grantor: The person who establishes a trust and places property into it. Highway: includes :Utah Code 68-3-12.5 Improvement: includes : (i)  an accessory to an item described in Subsection (18)(a) if the accessory is: (A)  essential to the operation of the item described in Subsection (18)(a); and (B)  installed solely to serve the operation of the item described in Subsection (18)(a); and (ii)  an item described in Subsection (18)(a) that is temporarily detached from the land for repairs and remains located on the land. See Utah Code 59-2-102 Land: includes :Utah Code 68-3-12.5 Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC Livestock: means : (a)  a domestic animal; (b)  a fish; (c)  a fur-bearing animal; (d)  a honeybee; or (e)  poultry. See Utah Code 59-2-102 Person: means :Utah Code 68-3-12.5 Personal property: All property that is not real property. Personal property: includes : (a)  every class of property as defined in Subsection (29) that is the subject of ownership and is not real estate or an improvement; (b)  any pipe laid in or affixed to land whether or not the ownership of the pipe is separate from the ownership of the underlying land, even if the pipe meets the definition of an improvement; (c)  bridges and ferries; (d)  livestock; and (e)  outdoor advertising structures as defined in Section 72-7-502. See Utah Code 59-2-102 Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5 Property: means property that is subject to assessment and taxation according to its value. See Utah Code 59-2-102 qualifying exempt primary residential rental personal property: means household furnishings, furniture, and equipment that: (i)  are used exclusively within a dwelling unit that is the primary residence of a tenant; (ii)  are owned by the owner of the dwelling unit that is the primary residence of a tenant; and (iii)  after applying the residential exemption described in Section 59-2-103, are exempt from taxation under this chapter in accordance with Subsection 59-2-1115(2). See Utah Code 59-2-102 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 Statute: A law passed by a legislature. Subpoena: A command to a witness to appear and give testimony. Taxable value: means fair market value less any applicable reduction allowed for residential property under Section 59-2-103. See Utah Code 59-2-102 United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5 Writing: includes :Utah Code 68-3-12.5