Utah § 59-7-312 Property factor for apportionment of business income -- Mobile flight equipment of an airline.

Utah Statutes

§ 59-7-312 — Property factor for apportionment of business income -- Mobile flight equipment of an airline.

Utah § 59-7-312

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 § 59-7-312 (Property factor for apportionment of business income -- Mobile flight equipment of an airline.) 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. § 59-7-312 (2026).

Text

(1)Except as provided in Subsections (2) and (3), the property factor is a fraction:

(1)(a) the numerator of which is the average value of the taxpayer's real and tangible personal property owned or rented and used in this state during the tax period; and

(1)(b) the denominator of which is the average value of all the taxpayer's real and tangible personal property owned or rented and used during the tax period.

(2)The average value of an airline's real and tangible personal property owned or rented and used in this state attributable to mobile flight equipment for purposes of the numerator of the fraction described in Subsection (1) shall be calculated for each aircraft type by multiplying:

(2)(a) the total average value of the airline's mobile flight equipment of the aircraft type own

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(1) Except as provided in Subsections (2) and (3), the property factor is a fraction:

(1)(a) the numerator of which is the average value of the taxpayer's real and tangible personal property owned or rented and used in this state during the tax period; and
(1)(b) the denominator of which is the average value of all the taxpayer's real and tangible personal property owned or rented and used during the tax period.
(2) The average value of an airline's real and tangible personal property owned or rented and used in this state attributable to mobile flight equipment for purposes of the numerator of the fraction described in Subsection (1) shall be calculated for each aircraft type by multiplying:

(2)(a) the total average value of the airline's mobile flight equipment of the aircraft type owned or rented and used during the tax period; and
(2)(b) a fraction:
(2)(b)(i) the numerator of which is the Utah revenue ton miles for the aircraft type; and
(2)(b)(ii) the denominator of which is the airline revenue ton miles for the aircraft type.
(3) (3)(a) For purposes of Subsection 59-7-302(3)(b)(i)(A) and subject to Subsection (3)(b), the property factor is a fraction:
(3)(a)(i) the numerator of which is the value of the property in this state that is attributable to economic activities that are classified in an excluded NAICS code; and
(3)(a)(ii) the denominator of which is the value of all property in this state.
(3)(b) A taxpayer shall exclude property from the calculation of the property factor fraction described in Subsection (3)(a) if the property may be attributed to economic activities in both excluded NAICS codes and NAICS codes that are not excluded NAICS codes.