Utah Statutes
§ 59-7-314 — Averaging property values for inclusion in property factors.
Utah·Title 59 Revenue and Taxation·Ch. 59-7 Corporate Franchise and Income Taxes·Part 59-7-3 Allocation and Apportionment of Income - Utah UDITPA Provisions
(1)The average value of property shall be determined by averaging the values at the beginning and ending of the tax period or averaging of monthly values during the tax period if monthly averaging more clearly reflects the average value of the taxpayer's property.
(2)The average value of property of an airline is valued as provided in this section, subject to the calculation required by Subsection 59-7-312(2).
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Utah § 59-7-314 (Averaging property values for inclusion in property factors.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 283, 2008 General Session
Nearby Sections
15
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Definitions.