{"data":{"id":"us-ut/utah-code-59-7-116","jurisdiction":"us-ut","citation":"Utah Code § 59-7-116","heading":"Taxation of regulated investment companies.","body":"(1) A regulated investment company or a fund of such a company, as defined in Sections 851(a) or 851(g), Internal Revenue Code, which is organized under the laws of Utah, shall determine Utah taxable income as follows:\n(a) calculate investment company taxable income, as determined in Section 852(b)(2), Internal Revenue Code;\n(b) add any municipal interest and the exclusion of net capital gain provided in Section 852(b)(2)(A), Internal Revenue Code; and\n(c) subtract the deduction for the capital gain dividends and exempt interest dividends as defined in Sections 852(b)(3)(C) and 852(b)(5), Internal Revenue Code.\n(2) A regulated investment company which is organized under the laws of Utah or a fund of such a company, shall be taxed at the same rate and in the same manner as a corporation as provided in this chapter.","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-S116.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"be3d9d658995dbab9fadf8da27baecf58d0f5cb233e9b5242f4ccdd62776e8ae","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-59-7-115","next":"us-ut/utah-code-59-7-116.5"},"notice":"GroundRules: Original legal text. Not legal advice."}