Utah Code 59-7-802. Taxation of unrelated business income
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(1) An organization which is exempt from taxation as provided in Subsection 59-7-102(1) or Section 59-10-126 shall be subject to the tax imposed by this part on its Utah unrelated business income.
Terms Used In Utah Code 59-7-802
- 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
(2) Utah unrelated business income shall be taxed at the rate provided in Section 59-7-104 except that the minimum tax does not apply to organizations subject to the tax under this part.