59-10-510.   Return of electing small business corporation.
     An electing small business corporation, as defined in Section 1371(a)(2), Internal Revenue Code, shall make a return for each taxable year, stating specifically:
     (1) the items of the electing small business corporation's gross income and the deductions allowable by Subtitle A, Internal Revenue Code;
     (2) the names and addresses of all persons owning stock in the electing small business corporation at any time during the taxable year;
     (3) the number of shares of stock owned by each shareholder at all times during the taxable year 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 Administrative Rulemaking Act.

Amended by Chapter 212, 2009 General Session
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Last revised: Thursday, May 28, 2009