Section 1404.5 – Resident pass-through entity taxpayer’s share of an addition, subtraction, or adjustment that relates to an item of income, gain, loss, deduction, or credit of a pass-through entity.
59-10-1404.5. Resident pass-through entity taxpayer’s share of an addition, subtraction, or adjustment that relates to an item of income, gain, loss, deduction, or credit of a pass-through entity. (1) In determining the taxable income of a resident pass-through entity taxpayer, an addition, subtraction, or adjustment that relates to an item of income, gain, loss, deduction, […]
Section 1405 – Nonresident pass-through entity taxpayer’s share of an addition, subtraction, or adjustment that relates to an item of income, gain, loss, deduction, or credit of a pass-through entity — In determining source of nonresident pass-through entity taxpayer’s income certain provisions of pass-through entity agreement may not be considered — Rulemaking authority.
59-10-1405. Nonresident pass-through entity taxpayer’s share of an addition, subtraction, or adjustment that relates to an item of income, gain, loss, deduction, or credit of a pass-through entity — In determining source of nonresident pass-through entity taxpayer’s income certain provisions of pass-through entity agreement may not be considered — Rulemaking authority. (1) (a) Except as […]
Section 1404 – Character of an item of income, gain, loss, deduction, or credit.
59-10-1404. Character of an item of income, gain, loss, deduction, or credit. Regardless of whether or how an item of income, gain, loss, deduction, or credit is characterized for federal income tax purposes, that item of income, gain, loss, deduction, or credit is from the same source and incurred in the same manner for a […]
Section 1403 – Income tax treatment of a pass-through entity — Returns — Classification same as under Internal Revenue Code.
Effective 3/23/2022 59-10-1403. Income tax treatment of a pass-through entity — Returns — Classification same as under Internal Revenue Code. (1) Subject to Subsection (3) and except as provided in Subsection 59-10-1403.2(2), a pass-through entity is not subject to a tax imposed by this chapter. (2) Except as provided in Section 59-10-1403.3, the income, gain, […]
Section 1403.1 – Income tax treatment of a pass-through entity taxpayer — Return filing requirements.
59-10-1403.1. Income tax treatment of a pass-through entity taxpayer — Return filing requirements. (1) Subject to the other provisions of this part, a pass-through entity taxpayer is subject to taxation: (a) for a pass-through entity taxpayer that is classified as a C corporation for federal income tax purposes: (i) if that pass-through entity taxpayer is […]
Section 1403.2 – Pass-through entity payment or withholding of tax on behalf of a pass-through entity taxpayer — Exceptions to payment or withholding requirement — Procedures and requirements — Failure to pay or withhold a tax on behalf of a pass-through entity taxpayer.
Effective 3/23/2022 59-10-1403.2. Pass-through entity payment or withholding of tax on behalf of a pass-through entity taxpayer — Exceptions to payment or withholding requirement — Procedures and requirements — Failure to pay or withhold a tax on behalf of a pass-through entity taxpayer. (1) (a) Except as provided in Subsections (1)(b) and (2), for a […]
Section 1403.3 – Refund of amounts paid or withheld for a pass-through entity.
Effective 5/5/2021 59-10-1403.3. Refund of amounts paid or withheld for a pass-through entity. (1) As used in this section: (a) “Committee” means the Revenue and Taxation Interim Committee. (b) “Qualifying excess withholding” means an amount that: (i) is paid or withheld: (A) by a pass-through entity that has a different taxable year than the pass-through […]
Section 1308 – Children’s organ transplants contribution — Credit to Kurt Oscarson Children’s Organ Transplant Account.
59-10-1308. Children’s organ transplants contribution — Credit to Kurt Oscarson Children’s Organ Transplant Account. (1) Except as provided in Section 59-10-1304, a resident or nonresident individual that files an individual income tax return under this chapter may designate on the resident or nonresident individual’s individual income tax return a contribution to the Kurt Oscarson Children’s […]
Section 1311 – Election Campaign Fund contribution — Transfer from General Fund — Form and procedure.
59-10-1311. Election Campaign Fund contribution — Transfer from General Fund — Form and procedure. (1) (a) A resident or nonresident individual, other than a nonresident alien, may designate on the resident or nonresident individual’s individual income tax return a contribution of $2 to the Election Campaign Fund created by Section 59-10-1312, if the resident or […]
Section 1312 – Election Campaign Fund — Creation — Funding for account — Disbursement and distribution — State treasurer requirement to provide a list of contributions designated to each political party.
Effective 5/4/2022 59-10-1312. Election Campaign Fund — Creation — Funding for account — Disbursement and distribution — State treasurer requirement to provide a list of contributions designated to each political party. (1) (a) As used in this section, “fund” means the Election Campaign Fund created by this section. (b) There is created a custodial fund […]