{"data":{"id":"us-ut/utah-code-59-1-1302","jurisdiction":"us-ut","citation":"Utah Code § 59-1-1302","heading":"Definitions.","body":"(1) \"Gross income\" is as defined in Section 61, Internal Revenue Code.\n(2) \"Income tax\" means a tax imposed under:\n(a) Chapter 7, Corporate Franchise and Income Taxes; or\n(b) Chapter 10, Individual Income Tax Act.\n(3) \"Income tax return\" means a return filed under:\n(a) Chapter 7, Corporate Franchise and Income Taxes; or\n(b) Chapter 10, Individual Income Tax Act.\n(4) \"Listed transaction\" means a reportable transaction that is the same as, or substantially similar to, a transaction or arrangement specifically identified as a listed transaction by the:\n(a) United States Secretary of the Treasury in written materials interpreting the requirements of Section 6011, Internal Revenue Code; or\n(b) commission by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.\n(5) \"Material advisor\" is as defined in Section 6111, Internal Revenue Code.\n(6) \"Reportable transaction\" means a transaction or arrangement that:\n(a) is carried out through or invested in by one or more entities that:\n(i) are organized in this state;\n(ii) do business in this state;\n(iii) derive gross income from sources within this state;\n(iv) are subject to income tax; or\n(v) are otherwise subject to the jurisdiction of this state; and\n(b) is:\n(i) a transaction or arrangement described in 26 C.F.R. Sec. 1.6011-4(b)(2) through (7); or\n(ii) a reportable transaction as described by the commission by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.\n(7) \"Taxpayer\" means a person that is required to file an income tax return.\n(8) \"Unitary group\" is as defined in Section 59-7-101.","path":["Title 59 Revenue and Taxation","Chapter 59-1 General Taxation Policies","Part 59-1-13 Reportable Transactions Act"],"source_url":"https://le.utah.gov/xcode/Title59/Chapter1/59-1-S1302.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"bbb03414e4a2bfd368fcbec12023c328a49d22f042f2265022d81a17171c126e","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-59-1-1102","next":"us-ut/utah-code-59-1-1303"},"notice":"GroundRules: Original legal text. Not legal advice."}