Utah ~ Corporate Income Tax: Allocation and Apportionment Rule Amended

A Utah rule regarding the allocation and apportionment of net income for corporate income tax purposes has been amended to specifically include the following receipts of a corporation as gross receipts attributable to Utah:

— from royalties in connection with real property if the real property is in Utah;

— from other income in connection with real or tangible personal property if the real or tangible personal property is in Utah; and

— in connection with intangible property if the intangible property is used in Utah.

As before, the rule continues to state that the following receipts are also included in gross receipts attributable to Utah: (1) receipts from the performance of a service if the purchaser receives a greater benefit of the service in Utah than in any other state; and (2) receipts from the sale of goods delivered or shipped to a purchaser in Utah, regardless of the F.O.B. point or other conditions of sale.

Rule R865-3C-1, Utah State Tax Commission, effective April 12, 2012


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