59-7-207 - Corporations becoming subject to tax -- Assessment under other sections. - Utah Statutes

59-7-207. Corporations becoming subject to tax -- Assessment under othersections.
If a corporation formerly subject to tax under Section 59-7-104 becomes subject to taxunder this part, it shall file an information return for the income year in which the change occurs. The tax for the year in which the change occurs will be assessed under Section 59-7-104 and notunder Section 59-7-201. For years subsequent to the year in which the change occurs, the taxwill be assessed under Section 59-7-201.

Amended by Chapter 169, 1993 General Session