Rents and royalties from real or tangible personal property, capital gains, interest, dividends, or patent or copyright royalties, to the extent that they constitute nonbusiness income, shall be allocated as provided in Sections 59-7-307 through 59-7-310.
Utah Code § 59-7-306
Allocation of certain nonbusiness income
Applied in 1 court decision — leading case Steiner Corp. v. Auditing Division of the Utah State Tax Commission (1999)
Most recently applied in Steiner Corp. v. Auditing Division of the Utah State Tax Commission (May 1999)
Renumbered and Amended by Chapter 2, 1987 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.