Utah Code > Title 59 > Chapter 7 > Part 2 – Corporate Income Tax


§ 59-7-201	Tax — Minimum tax
§ 59-7-203	Computation of Utah taxable income
§ 59-7-204	Income attributed to sources within the state
§ 59-7-205	Applicability of Parts 5 and 6 of chapter
§ 59-7-206	Offsets against tax
§ 59-7-207	Corporations becoming subject to tax — Assessment under other sections
§ 59-7-208	Provisions followed for purposes of tax collected

Terms Used In Utah Code > Title 59 > Chapter 7 > Part 2 - Corporate Income Tax

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.

Corporation: includes :

(a)	entities defined as corporations under Sections 7701(a) and 7704, Internal Revenue Code; and

(b)

other organizations that are taxed as corporations for federal income tax purposes under the Internal Revenue Code. See Utah Code 59-7-101

Income: includes losses. See Utah Code 59-7-101

return: includes a combined report. See Utah Code 59-7-101

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

taxable year: includes the period for which such return is made. See Utah Code 59-7-101

Taxpayer: means any corporation subject to the tax imposed by this chapter. See Utah Code 59-7-101

Utah taxable income: includes income from tangible or intangible property located or having situs in this state, regardless of whether carried on in intrastate, interstate, or foreign commerce. See Utah Code 59-7-101