Utah Statutes
§ 59-7-113 — Allocation of income and deductions between several corporations controlled by same interests.
Utah·Title 59 Revenue and Taxation·Ch. 59-7 Corporate Franchise and Income Taxes·Part 59-7-1 Corporate Tax Generally
If two or more corporations (whether or not organized or doing business in this state, and whether or not affiliated) are owned or controlled directly or indirectly by the same interests, the commission is authorized to distribute, apportion, or allocate gross income or deductions between or among such corporations, if it determines that such distribution, apportionment, or allocation is necessary in order to prevent evasion of taxes or clearly to reflect the income of any of such corporations.
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 59-7-113 (Allocation of income and deductions between several corporations controlled by same interests.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Utah State Tax Comm'n v. See's Candies, Inc.
2018 UT 57 (Utah Supreme Court, 2018)
Legislative History
Repealed and Re-enacted by Chapter 169, 1993 General Session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.