Utah § 59-7-313 - Valuation of property for inclusion in property factor.
Full text of Utah Utah Code § 59-7-313 — Valuation of property for inclusion in property factor., with citation guidance and answers to common questions.
§ 59-7-313. Valuation of property for inclusion in property factor.
| (1) | Property owned by the taxpayer is valued at its original cost. |
| (2) | Property rented by the taxpayer is valued at eight times the net annual rental rate. |
| (3) | Net annual rental rate is the annual rental rate paid by the taxpayer less any annual rental rate received by the taxpayer from subrentals. |
| (4) | Property owned or rented by an airline is valued as provided in this section, subject to the calculation required by Subsection 59-7-312(2). |
Amended by Chapter 283, 2008 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 59-7-313
What does Utah Code § 59-7-313 cover?
Section 59-7-313 ("Valuation of property for inclusion in property factor.") 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 § 59-7-313?
A common citation format is "Utah Code § 59-7-313" (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 § 59-7-313 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.