{"data":{"id":"us-ut/utah-code-59-10-1403","jurisdiction":"us-ut","citation":"Utah Code § 59-10-1403","heading":"Income tax treatment of a pass-through entity -- Returns -- Classification same as under Internal Revenue Code.","body":"(1) Subject to Subsection (3) and except as provided in Subsection 59-10-1403.2(2), a pass-through entity is not subject to a tax imposed by this chapter.\n(2) Except as provided in Section 59-10-1403.3, the income, gain, loss, deduction, or credit of a pass-through entity shall be passed through to one or more pass-through entity taxpayers as provided in this part.\n(3) A pass-through entity is subject to the return filing requirements of Sections 59-10-507, 59-10-514, and 59-10-516.\n(4) For purposes of taxation under this title, a pass-through entity that transacts business in the state shall be classified in the same manner as the pass-through entity is classified for federal income tax purposes.\n(5)\n(a) If a change is made in a pass-through entity's net income or loss on the pass-through entity's federal income tax return because of an action of the federal government, the pass-through entity shall file with the commission within 90 days after the date of a final determination of the action:\n(i) a copy of the pass-through entity's amended federal income tax return or federal adjustment; and\n(ii) an amended state income tax return that conforms with the changes made in the pass-through entity's amended federal income tax return.\n(b) If a change is made in a pass-through entity's net income on the pass-through entity's federal income tax return because the pass-through entity files an amended federal income tax return, the pass-through entity shall file with the commission, within 90 days after the date the taxpayer files the amended federal income tax return:\n(i) a copy of the pass-through entity's amended federal income tax return; and\n(ii) an amended state income tax return that conforms with the changes made in the pass-through entity's amended federal income tax return.\n(6)\n(a) A pass-through entity subject to the return filing requirements under Subsection (3), shall report on the pass-through entity's return:\n(i) whether the entity has filed a current annual report with the Division of Corporations; and\n(ii) the entity's commerce entity number.\n(b) Subsection (6)(a) does not apply to an individual, estate, or trust.","path":["Title 59 Revenue and Taxation","Chapter 59-10 Individual Income Tax Act","Part 59-10-14 Pass-Through Entities and Pass-Through Entity Taxpayers Act"],"source_url":"https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1403.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"d9c0f4de2517a9046739ea9bccb1dea6ebbc95ad3d7929b6ede3716e79ee8d1e","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-59-10-1402","next":"us-ut/utah-code-59-10-1403.1"},"notice":"GroundRules: Original legal text. Not legal advice."}