Utah § 59-7-312 - Property factor for apportionment of business income -- Mobile flight equipment of an airline.

Full text of Utah Utah Code § 59-7-312 — Property factor for apportionment of business income -- Mobile flight equipment of an airline., with citation guidance and answers to common questions.

§ 59-7-312. Property factor for apportionment of business income -- Mobile flight equipment of an airline.

Effective 1/1/2019
59-7-312. Property factor for apportionment of business income -- Mobile flight equipment of an airline.

(1)

Except as provided in Subsections (2) and (3), the property factor is a fraction:

(a)	the numerator of which is the average value of the taxpayer's real and tangible personal property owned or rented and used in this state during the tax period; and

(b)	the denominator of which is the average value of all the taxpayer's real and tangible personal property owned or rented and used during the tax period.

(2)

The average value of an airline's real and tangible personal property owned or rented and used in this state attributable to mobile flight equipment for purposes of the numerator of the fraction described in Subsection (1) shall be calculated for each aircraft type by multiplying:

(a)	the total average value of the airline's mobile flight equipment of the aircraft type owned or rented and used during the tax period; and

(b)

a fraction:

(i)	the numerator of which is the Utah revenue ton miles for the aircraft type; and

(ii)	the denominator of which is the airline revenue ton miles for the aircraft type.

(3)

(a)

For purposes of Subsection 59-7-302(3)(b)(i)(A) and subject to Subsection (3)(b), the property factor is a fraction:

(i)	the numerator of which is the value of the property in this state that is attributable to economic activities that are classified in an excluded NAICS code; and

(ii)	the denominator of which is the value of all property in this state.

(b)	A taxpayer shall exclude property from the calculation of the property factor fraction described in Subsection (3)(a) if the property may be attributed to economic activities in both excluded NAICS codes and NAICS codes that are not excluded NAICS codes.

Amended by Chapter 456, 2018 General Session
Amended by Chapter 471, 2018 General Session

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

Frequently Asked Questions About Utah § 59-7-312

What does Utah Code § 59-7-312 cover?

Section 59-7-312 ("Property factor for apportionment of business income -- Mobile flight equipment of an airline.") 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 § 59-7-312?

A common citation format is "Utah Code § 59-7-312" (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 § 59-7-312 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

Official text of § 59-7-312 at the Utah source

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