Utah § 59-10-126 - Business entities not subject to tax -- Exceptions.
Full text of Utah Utah Code § 59-10-126 — Business entities not subject to tax -- Exceptions., with citation guidance and answers to common questions.
§ 59-10-126. Business entities not subject to tax -- Exceptions.
| (1) |
A business entity that is taxable as a corporation for federal income tax purposes:
|
| (2) | A business entity that is exempt from federal income taxation is exempt from the tax imposed by this chapter. |
| (3) | Notwithstanding Subsection (2), if a business entity that is exempt from federal income taxation has income that is subject to federal income taxation, that income is subject to taxation under Chapter 7, Corporate Franchise and Income Taxes. |
Amended by Chapter 389, 2008 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 59-10-126
What does Utah Code § 59-10-126 cover?
Section 59-10-126 ("Business entities not subject to tax -- Exceptions.") 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 § 59-10-126?
A common citation format is "Utah Code § 59-10-126" (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 § 59-10-126 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.