| << Previous Section (59-7-116.5) | Next Section (59-7-201) >> |
Revenue and Taxation | |
Corporate Franchise and Income Taxes | |
Section 117 | Equitable adjustments. |
|
59-7-117. Equitable adjustments. The commission shall by rule prescribe for adjustments to Utah taxable income when, solely by reason of the enactment of this chapter, a taxpayer would otherwise receive or have received a double tax benefit or suffer or have suffered a double tax detriment. However, the commission may not make any adjustment pursuant to this section which will result in an increase or decrease of tax liability that is less than $25.
Repealed and Re-enacted by Chapter 169, 1993 General Session |
| << Previous Section (59-7-116.5) | Next Section (59-7-201) >> |