Utah Statutes
§ 59-1-1304 — Penalty for taxpayer failure to disclose a reportable transaction.
Utah § 59-1-1304
JurisdictionUtah
Title 59Revenue and Taxation
Ch. 59-1General Taxation Policies
Part 59-1-13Reportable Transactions Act
This text of Utah § 59-1-1304 (Penalty for taxpayer failure to disclose a reportable transaction.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Utah Code Ann. § 59-1-1304 (2026).
Text
(1)(1)(a) Except as provided in Subsection (1)(b), a taxpayer that fails to disclose a reportable transaction as required by Section 59-1-1303 is subject to a penalty of $15,000.
(1)(b) A taxpayer that fails to disclose a listed transaction as required by Section 59-1-1303 is subject to a penalty of $30,000.
(2)A penalty imposed by this section is in addition to any other penalty imposed by this title.
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Legislative History
Enacted by Chapter 237, 2006 General Session
Nearby Sections
15
§ 59-1-1001
Statement of taxpayer rights.§ 59-1-1002
Audit interviews.§ 59-1-1003
Penalty waiver.§ 59-1-1004
Installment payments.§ 59-1-1005
Suits against commission and its employees.§ 59-1-101
Definitions.§ 59-1-103
Income Tax Surplus Restricted Account.§ 59-1-1101
Private collection of tax -- Fee.§ 59-1-1302
Definitions.Cite This Page — Counsel Stack
Bluebook (online)
Utah § 59-1-1304, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/59-1-1304.