Utah Code 59-7-801. Definitions
Current as of: 2024 | Check for updates
|
Other versions
For purposes of this part:
(1) “Unrelated business income” means unrelated business income as determined under Section 512, Internal Revenue Code.
Terms Used In Utah Code 59-7-801
- Business income: means the same as that term is defined in Section 59-7-302. See Utah Code 59-7-101
- Income: includes losses. See Utah Code 59-7-101
- Internal Revenue Code: means Title 26 of the United States Code as effective during the year in which Utah taxable income is determined. See Utah Code 59-7-101
(2) “Utah unrelated business income” means the unrelated business income apportioned to Utah in accordance with Part 3, Allocation and Apportionment of Income – Utah UDITPA Provisions .