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Utah Code — Title 59 (Revenue and Taxation)

Utah Code § 59-7-401

Determining threshold level of business activity for corporations organized or incorporated outside of the United States

Official textle.utah.gov

# (1)

Except as provided in Subsection (2), in determining whether a corporation is a foreign operating company or has met the threshold level of business activity, business activity within and without the United States shall be measured by means of the factors ordinarily applicable under Sections 59-7-312 through 59-7-319.

# (2)

# (a)

Any taxpayer who would ordinarily be required to apportion business income in accordance with Part 3, Allocation and Apportionment of Income - Utah UDITPA Provisions, shall use a two-factor formula of property and payroll.

# (b)

The results of the property and payroll factor computation shall be divided by two, or by one if either the property or payroll factor has a denominator of zero.

Last amended: Amended by Chapter 225, 2005 General Session

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In this chapter (40 sections)
  1. 59-7-208 · Provisions followed for purposes of tax collected
  2. 59-7-302 · Definitions -- Determination of taxpayer status
  3. 59-7-303 · Apportionable income
  4. 59-7-305 · When taxable in another state
  5. 59-7-306 · Allocation of certain nonbusiness income
  6. 59-7-307 · Allocation of rents and royalties
  7. 59-7-308 · Allocation of capital gains and losses
  8. 59-7-309 · Allocation of interest and dividends
  9. 59-7-310 · Allocation of patent and copyright royalties
  10. 59-7-311 · Method of apportionment of business income
  11. 59-7-312 · Property factor for apportionment of business income --…
  12. 59-7-313 · Valuation of property for inclusion in property factor
  13. 59-7-314 · Averaging property values for inclusion in property factors
  14. 59-7-315 · Payroll factor for apportionment of business income --…
  15. 59-7-316 · Determination of compensation for inclusion in payroll factor
  16. 59-7-317 · Sales factor for apportionment of business income --…
  17. 59-7-318 · Sales of tangible personal property
  18. 59-7-319 · Circumstances under which a receipt, rent, royalty, or sale…
  19. 59-7-320 · Equitable adjustment of standard allocation or apportionment
  20. 59-7-321 · Construction
  21. 59-7-401 · Determining threshold level of business activity for…
  22. 59-7-402 · Water's edge combined report
  23. 59-7-403 · Worldwide combined report
  24. 59-7-404 · Calculation of unadjusted income for combined reporting
  25. 59-7-404.5 · Adjustment to apportionment factors for corporations in a…
  26. 59-7-405 · Commission empowered to make rules
  27. 59-7-501 · Accounting periods -- Methods of accounting
  28. 59-7-502 · Change of taxable year or accounting period
  29. 59-7-503 · Return where period changed
  30. 59-7-504 · Estimated tax payments -- Penalty -- Waiver
  31. 59-7-505 · Returns required -- When due -- Extension of time --…
  32. 59-7-507 · Payment of tax
  33. 59-7-508 · Audit of returns
  34. 59-7-509 · Failure to file return -- Penalty
  35. 59-7-510 · Deficiency -- Interest
  36. 59-7-511 · Penalty added to underpayments
  37. 59-7-512 · Addition to tax in case of nonpayment
  38. 59-7-513 · Interest when time for payment extended
  39. 59-7-514 · Extension of time to pay deficiency
  40. 59-7-515 · Interest when deficiency extended
Full table of contents →