Utah § 59-7-207 Corporations becoming subject to tax -- Assessment under other sections.

Utah Statutes

§ 59-7-207 — Corporations becoming subject to tax -- Assessment under other sections.

Utah § 59-7-207

Title 59Revenue and Taxation

Ch. 59-7Corporate Franchise and Income Taxes

Part 59-7-2Corporate Income Tax

This text of Utah § 59-7-207 (Corporations becoming subject to tax -- Assessment under other sections.) 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. § 59-7-207 (2026).

Text

If a corporation formerly subject to tax under Section 59-7-104 becomes subject to tax under  this part, it shall file an information return for the income year in which the change occurs.  The tax for the year in which the change occurs will be assessed under Section 59-7-104 and not under Section 59-7-201.  For years subsequent to the year in which the change occurs, the tax will be assessed under Section 59-7-201.

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If a corporation formerly subject to tax under Section 59-7-104 becomes subject to tax under this part, it shall file an information return for the income year in which the change occurs. The tax for the year in which the change occurs will be assessed under Section 59-7-104 and not under Section 59-7-201. For years subsequent to the year in which the change occurs, the tax will be assessed under Section 59-7-201.