Utah Code 59-7-403. Worldwide combined report
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(1) A unitary group may elect to file a worldwide combined report.
Terms Used In Utah Code 59-7-403
- return: includes a combined report. See Utah Code 59-7-101
- Unitary group: includes a captive real estate investment trust. See Utah Code 59-7-101
- Worldwide combined report: means the combination of the income and activities of all members of a unitary group irrespective of the country in which the corporations are incorporated or conduct business activity. See Utah Code 59-7-101
(2) Corporations electing to file a worldwide combined report may not thereafter elect to file a return on a basis other than a worldwide combined report without the consent of the commission.