59-10-510 - Return of electing small business corporation. - Utah Statutes

59-10-510. Return of electing small business corporation.
An electing small business corporation, as defined in Section 1371(a)(2), Internal RevenueCode, shall make a return for each taxable year, stating specifically:
(1) the items of the electing small business corporation's gross income and the deductionsallowable by Subtitle A, Internal Revenue Code;
(2) the names and addresses of all persons owning stock in the electing small businesscorporation at any time during the taxable year;
(3) the number of shares of stock owned by each shareholder at all times during the taxableyear to each shareholder;
(4) the date of each distribution to a shareholder; and
(5) other information as the commission may prescribe by:
(a) form; or
(b) administrative rule made in accordance with Title 63G, Chapter 3, Utah AdministrativeRulemaking Act.

Amended by Chapter 212, 2009 General Session