Utah Statutes
§ 59-7-314 — Averaging property values for inclusion in property factors.
Utah § 59-7-314
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 § 59-7-314 (Averaging property values for inclusion in property factors.) 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. § 59-7-314 (2026).
Text
(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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Legislative History
Amended by Chapter 283, 2008 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 § 59-7-314, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/59-7-314.