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Utah Code — Title 59 (Revenue and Taxation)

Utah Code § 59-7-314

Averaging property values for inclusion in property factors

Official textle.utah.gov

# (1)

The average value of property shall be determined by averaging the values at the beginning and ending of the tax period or averaging of monthly values during the tax period if monthly averaging more clearly reflects the average value of the taxpayer's property.

# (2)

The average value of property of an airline is valued as provided in this section, subject to the calculation required by Subsection 59-7-312(2).

Last amended: Amended by Chapter 283, 2008 General Session

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In this chapter (40 sections)
  1. 59-7-118 · Section 965, Internal Revenue Code -- Installment payments
  2. 59-7-159 · Review of credits allowed under this chapter
  3. 59-7-201 · Tax -- Minimum tax
  4. 59-7-203 · Computation of Utah taxable income
  5. 59-7-204 · Income attributed to sources within the state
  6. 59-7-205 · Applicability of Parts 5 and 6 of chapter
  7. 59-7-206 · Offsets against tax
  8. 59-7-207 · Corporations becoming subject to tax -- Assessment under…
  9. 59-7-208 · Provisions followed for purposes of tax collected
  10. 59-7-302 · Definitions -- Determination of taxpayer status
  11. 59-7-303 · Apportionable income
  12. 59-7-305 · When taxable in another state
  13. 59-7-306 · Allocation of certain nonbusiness income
  14. 59-7-307 · Allocation of rents and royalties
  15. 59-7-308 · Allocation of capital gains and losses
  16. 59-7-309 · Allocation of interest and dividends
  17. 59-7-310 · Allocation of patent and copyright royalties
  18. 59-7-311 · Method of apportionment of business income
  19. 59-7-312 · Property factor for apportionment of business income --…
  20. 59-7-313 · Valuation of property for inclusion in property factor
  21. 59-7-314 · Averaging property values for inclusion in property factors
  22. 59-7-315 · Payroll factor for apportionment of business income --…
  23. 59-7-316 · Determination of compensation for inclusion in payroll factor
  24. 59-7-317 · Sales factor for apportionment of business income --…
  25. 59-7-318 · Sales of tangible personal property
  26. 59-7-319 · Circumstances under which a receipt, rent, royalty, or sale…
  27. 59-7-320 · Equitable adjustment of standard allocation or apportionment
  28. 59-7-321 · Construction
  29. 59-7-401 · Determining threshold level of business activity for…
  30. 59-7-402 · Water's edge combined report
  31. 59-7-403 · Worldwide combined report
  32. 59-7-404 · Calculation of unadjusted income for combined reporting
  33. 59-7-404.5 · Adjustment to apportionment factors for corporations in a…
  34. 59-7-405 · Commission empowered to make rules
  35. 59-7-501 · Accounting periods -- Methods of accounting
  36. 59-7-502 · Change of taxable year or accounting period
  37. 59-7-503 · Return where period changed
  38. 59-7-504 · Estimated tax payments -- Penalty -- Waiver
  39. 59-7-505 · Returns required -- When due -- Extension of time --…
  40. 59-7-507 · Payment of tax
Full table of contents →