Utah Code 53B-8a-112. Tax considerations
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(1) For tax purposes the property of the plan and its income are governed by Section 59-10-201 .
Terms Used In Utah Code 53B-8a-112
- Board: means the Utah Education Savings Board of Trustees created in Section 53B-8a-105. See Utah Code 53B-8a-102.5
- Plan: means the Utah Educational Savings Plan created in Section 53B-8a-103. See Utah Code 53B-8a-102
- Property: includes both real and personal property. See Utah Code 68-3-12.5
(2) The tax commission, in consultation with the board and the plan, may adopt rules necessary to monitor and implement the tax provisions referred to in Subsection (1) as related to the property of the plan and its income.