Terms Used In Utah Code > Title 59 > Chapter 10 > Part 1 - Determination and Reporting of Tax Liability and Information

• Administrator: includes "executor" when the subject matter justifies the use. See Utah Code 68-3-12.5
• Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• Dependent: A person dependent for support upon another.
• Distributable net income: means the same as that term is defined in Section 643, Internal Revenue Code. See Utah Code 59-10-103
• Employee: means the same as that term is defined in Section 59-10-401. See Utah Code 59-10-103
• Employer: means the same as that term is defined in Section 59-10-401. See Utah Code 59-10-103
• Equal: means , with respect to biological sex, of the same value. See 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.
• Fiduciary: A trustee, executor, or administrator.
• Fiduciary: means :
            (1)(h)(i) a guardian;
            (1)(h)(ii) a trustee;
            (1)(h)(iii) an executor;
            (1)(h)(iv) an administrator;
            (1)(h)(v) a receiver;
            (1)(h)(vi) a conservator; or
            (1)(h)(vii) any person acting in any fiduciary capacity for any individual. See Utah Code 59-10-103
• Grantor: The person who establishes a trust and places property into it.
• Guaranteed annuity interest: means the same as that term is defined in 26 C. See Utah Code 59-10-103
• Individual: means a natural person and includes aliens and minors. See Utah Code 59-10-103
• Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Land: includes :
       (18)(a) land;
       (18)(b) a tenement;
       (18)(c) a hereditament;
       (18)(d) a water right;
       (18)(e) a possessory right; and
       (18)(f) a claim. See Utah Code 68-3-12.5
• Military service: means the same as that term is defined in Pub. See Utah Code 59-10-103
• nonresident estate: means a trust or estate which is not a resident estate or trust. See Utah Code 59-10-103
• Nonresident individual: means an individual who is not a resident of this state. See Utah Code 59-10-103
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Pass-through entity: means the same as that term is defined in Section 59-10-1402. See Utah Code 59-10-103
• Pass-through entity taxpayer: means the same as that term is defined in Section 59-10-1402. See Utah Code 59-10-103
• Person: means :
       (24)(a) an individual;
       (24)(b) an association;
       (24)(c) an institution;
       (24)(d) a corporation;
       (24)(e) a company;
       (24)(f) a trust;
       (24)(g) a limited liability company;
       (24)(h) a partnership;
       (24)(i) a political subdivision;
       (24)(j) a government office, department, division, bureau, or other body of government; and
       (24)(k) any other organization or entity. See Utah Code 68-3-12.5
• Personal property: All property that is not real property.
• Personal property: includes :
       (25)(a) money;
       (25)(b) goods;
       (25)(c) chattels;
       (25)(d) effects;
       (25)(e) evidences of a right in action;
       (25)(f) a written instrument by which a pecuniary obligation, right, or title to property is created, acknowledged, transferred, increased, defeated, discharged, or diminished; and
       (25)(g) a right or interest in an item described in Subsections (25)(a) through (f). See Utah Code 68-3-12.5
• Property: includes both real and personal property. See Utah Code 68-3-12.5
• Qualified nongrantor charitable lead trust: means a trust:
            (1)(s)(i) that is irrevocable;
            (1)(s)(ii) that has a trust term measured by:

                 (1)(s)(ii)(A) a fixed term of years; or

                 (1)(s)(ii)(B) the life of a person living on the day on which the trust is created;
            (1)(s)(iii) under which:

                 (1)(s)(iii)(A) a portion of the value of the trust assets is distributed during the trust term:

                      (1)(s)(iii)(A)(I) to an organization described in Section 170(c), Internal Revenue Code; and

                      (1)(s)(iii)(A)(II) as a guaranteed annuity interest or a unitrust interest; and

                 (1)(s)(iii)(B) assets remaining in the trust at the termination of the trust term are distributed to a beneficiary:

                      (1)(s)(iii)(B)(I) designated in the trust; and

                      (1)(s)(iii)(B)(II) that is not an organization described in Section 170(c), Internal Revenue Code;
            (1)(s)(iv) for which the trust is allowed a deduction under Section 642(c), Internal Revenue Code; and
            (1)(s)(v) under which the grantor of the trust is not treated as the owner of any portion of the trust for federal income tax purposes. See Utah Code 59-10-103
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• real property: includes :
       (31)(a) land;
       (31)(b) a tenement;
       (31)(c) a hereditament;
       (31)(d) a water right;
       (31)(e) a possessory right; and
       (31)(f) a claim. See Utah Code 68-3-12.5
• Resident individual: means an individual who is domiciled in this state for any period of time during the taxable year, but only for the duration of the period during which the individual is domiciled in this state. See Utah Code 59-10-103
• resident trust: means the same as that term is defined in Section 75-7-103. See Utah Code 59-10-103
• Service member: means the same as that term is defined in Pub. See Utah Code 59-10-103
• 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.
• Taxpayer: means any of the following that has income subject in whole or part to the tax imposed by this chapter:
            (1)(aa)(i) an individual;
            (1)(aa)(ii) an estate, a trust, or a beneficiary of an estate or a trust that is not a pass-through entity or a pass-through entity taxpayer;
            (1)(aa)(iii) a pass-through entity; or
            (1)(aa)(iv) a pass-through entity taxpayer. See Utah Code 59-10-103
• Testimony: Evidence presented orally by witnesses during trials or before grand juries.
• Trust term: means a time period:
            (1)(bb)(i) beginning on the day on which a qualified nongrantor charitable lead trust is created; and
            (1)(bb)(ii) ending on the day on which the qualified nongrantor charitable lead trust described in Subsection (1)(bb)(i) terminates. See Utah Code 59-10-103
• Trustee: A person or institution holding and administering property in trust.
• Uintah and Ouray Reservation: means the lands recognized as being included within the Uintah and Ouray Reservation in:
            (1)(cc)(i) Hagen v. See Utah Code 59-10-103
• United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
• Unitrust interest: means the same as that term is defined in 26 C. See Utah Code 59-10-103
• Ute tribal member: means an individual who is enrolled as a member of the Ute Indian Tribe of the Uintah and Ouray Reservation. See Utah Code 59-10-103
• Ute tribe: means the Ute Indian Tribe of the Uintah and Ouray Reservation. See Utah Code 59-10-103
• Wages: means the same as that term is defined in Section 59-10-401. See Utah Code 59-10-103
• Writing: includes :
       (48)(a) printing;
       (48)(b) handwriting; and
       (48)(c) information stored in an electronic or other medium if the information is retrievable in a perceivable format. See Utah Code 68-3-12.5