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Utah Code § 59-7-113

Allocation of income and deductions between several corporations controlled by same interests

Utah · Utah Code Title 59 — Revenue and Taxation · Status: effective

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Utah Code § 59-7-113, Allocation of income and deductions between several corporations controlled by same interests, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2344765
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If two or more corporations (whether or not organized or doing business in this state, and whether or not affiliated) are owned or controlled directly or indirectly by the same interests, the commission is authorized to distribute, apportion, or allocate gross income or deductions between or among such corporations, if it determines that such distribution, apportionment, or allocation is necessary in order to prevent evasion of taxes or clearly to reflect the income of any of such corporations.