Utah § 7-9-34 Tax exemption of credit unions.

Utah Statutes

§ 7-9-34 — Tax exemption of credit unions.

Utah § 7-9-34

Title 7Financial Institutions Act

Ch. 7-9Utah Credit Union Act

This text of Utah § 7-9-34 (Tax exemption of credit unions.) 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. § 7-9-34 (2026).

Text

(1)Except as otherwise provided in this section, credit unions organized under this chapter or prior law are exempt from taxation.

(2)Any real property or any tangible personal property owned by the credit union shall be subject to taxation to the same extent as other similar property is taxed.

(3)For purposes of the corporate tax, credit unions shall be governed by Section 59-7-102.

(4)This section does not exempt credit unions from sales or use taxes, or fees owed to the department in accordance with this title and rules of the department.

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(1) Except as otherwise provided in this section, credit unions organized under this chapter or prior law are exempt from taxation.
(2) Any real property or any tangible personal property owned by the credit union shall be subject to taxation to the same extent as other similar property is taxed.
(3) For purposes of the corporate tax, credit unions shall be governed by Section 59-7-102.
(4) This section does not exempt credit unions from sales or use taxes, or fees owed to the department in accordance with this title and rules of the department.