{"data":{"id":"us-ut/utah-code-59-7-111","jurisdiction":"us-ut","citation":"Utah Code § 59-7-111","heading":"Safe harbor lease provisions.","body":"(1)\n(a) For purchasers or lessors of safe harbor leases, the following additions shall be made to unadjusted income:\n(i) interest expense; and\n(ii) depreciation claimed on safe harbor lease property.\n(b) For purchasers or lessors of safe harbor leases, the following subtractions shall be made from unadjusted income:\n(i) rental income; and\n(ii) amortization of the purchase price of tax benefits.\n(2)\n(a) For sellers or lessees of safe harbor leases the following additions shall be made from unadjusted income:\n(i) the amount of gain on the sale of federal tax benefits; and\n(ii) rental expense on safe harbor lease property.\n(b) For sellers or lessees of safe harbor leases the following subtractions shall be made to unadjusted income:\n(i) interest income; and\n(ii) depreciation on safe harbor lease property.","path":["Title 59 Revenue and Taxation","Chapter 59-7 Corporate Franchise and Income Taxes","Part 59-7-1 Corporate Tax Generally"],"source_url":"https://le.utah.gov/xcode/Title59/Chapter7/59-7-S111.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"daca19d83993b7e51f0d8069d31a3f7facb8cfa143ebe042b3a9c27c54541e2c","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-59-7-110","next":"us-ut/utah-code-59-7-112"},"notice":"GroundRules: Original legal text. Not legal advice."}