Utah Statutes
§ 59-7-308 — Allocation of capital gains and losses.
Utah § 59-7-308
JurisdictionUtah
Title 59Revenue and Taxation
Ch. 59-7Corporate Franchise and Income Taxes
Part 59-7-3Allocation and Apportionment of Income - Utah UDITPA Provisions
This text of Utah § 59-7-308 (Allocation of capital gains and losses.) 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. § 59-7-308 (2026).
Text
To the extent that the following constitute nonbusiness income:
(1)capital gains and losses from sales of real property located in this state are allocable to this state;
(2)capital gains and losses from sales of tangible personal property are allocable to this state if:
(2)(a) the property had a situs in this state at the time of the sale; or
(2)(b) the taxpayer's commercial domicile is in this state and the taxpayer is not taxable in the state in which the property had a situs; and
(3)capital gains and losses from sales of intangible personal property are allocable to this state if the taxpayer's commercial domicile is in this state.
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Legislative History
Amended by Chapter 83, 1994 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 § 59-7-308, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/59-7-308.