Utah § 59-1-1306 - Material advisor disclosure of reportable transactions.

Full text of Utah Utah Code § 59-1-1306 — Material advisor disclosure of reportable transactions., with citation guidance and answers to common questions.

§ 59-1-1306. Material advisor disclosure of reportable transactions.

59-1-1306.  Material advisor disclosure of reportable transactions.
(1)
(a) A material advisor shall disclose a reportable transaction to the commission on a form provided by the commission.
(b) The disclosure described in Subsection (1)(a):
(i) shall include information:
(A) identifying and describing the transaction; and
(B) describing any potential tax benefits expected to result from the transaction; and
(ii) may include information other than the information described in Subsection (1)(b)(i) as required by the commission.
(2) If a material advisor described in Subsection (1) is required to file a return disclosing a reportable transaction under Section 6111, Internal Revenue Code, the material advisor shall provide the commission a copy of that return.
(3) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commission shall make rules prescribing:
(a) the date a:
(i) disclosure required by Subsection (1) shall be filed with the commission; and
(ii) copy of a return required by Subsection (2) shall be filed with the commission;
(b) that only one person may be required to meet the requirements of Subsection (1) or (2) if two or more persons would otherwise be required to meet the requirements of Subsection (1) or (2); and
(c) exemptions from Subsection (1) or (2).


Amended by Chapter 382, 2008 General Session

Source: official Utah text · Last verified 2026-08-27

Related Utah Legal Topics

Frequently Asked Questions About Utah § 59-1-1306

What does Utah Code § 59-1-1306 cover?

Section 59-1-1306 ("Material advisor disclosure of reportable transactions.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 59-1-1306?

A common citation format is "Utah Code § 59-1-1306" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 59-1-1306 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.