{"data":{"id":"us-ut/utah-code-59-7-112","jurisdiction":"us-ut","citation":"Utah Code § 59-7-112","heading":"Installment sales.","body":"(1) Except as provided in Subsections (2) and (3), installment sales shall be governed by Sections 453, 453A, and 453B, Internal Revenue Code.\n(2) Installment sales entered into prior to January 1, 1994, shall be recognized as originally reported.\n(3) If a corporation is no longer required to file a Utah corporate return, any taxes owed by that corporation on installment sales entered into by that corporation shall accelerate and be due on the corporation's last return filed in Utah.","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-S112.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"c87b5fe5114335e97b6e5646168479525d0b23706e77d7106d25dfe87befc396","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-59-7-111","next":"us-ut/utah-code-59-7-113"},"notice":"GroundRules: Original legal text. Not legal advice."}