Utah § 59-7-404 Calculation of unadjusted income for combined reporting.

Utah Statutes

§ 59-7-404 — Calculation of unadjusted income for combined reporting.

Utah § 59-7-404

Title 59Revenue and Taxation

Ch. 59-7Corporate Franchise and Income Taxes

Part 59-7-4Combined Reporting

This text of Utah § 59-7-404 (Calculation of unadjusted income for combined reporting.) 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. § 59-7-404 (2026).

Text

(1)A group filing a combined report under Section 59-7-402 or 59-7-403 shall calculate unadjusted income of the combined group by:

(1)(a) computing unadjusted income on a separate return basis;

(1)(b) combining income or loss of the members included in the combined report; and

(1)(c) making appropriate eliminations and adjustments between members included in the combined report.

(2)For purposes of this section, if an entity does not calculate federal taxable income, then unadjusted income shall be calculated based on the applicable federal tax laws.

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(1) A group filing a combined report under Section 59-7-402 or 59-7-403 shall calculate unadjusted income of the combined group by:

(1)(a) computing unadjusted income on a separate return basis;
(1)(b) combining income or loss of the members included in the combined report; and
(1)(c) making appropriate eliminations and adjustments between members included in the combined report.
(2) For purposes of this section, if an entity does not calculate federal taxable income, then unadjusted income shall be calculated based on the applicable federal tax laws.