Tax Commission, Auditing

Rule R865-3C

Corporation Income Tax

Five-Year Notice of Review and Statement of Continuation

DAR File No.: 35597
Filed: 01/03/2012 10:33:21 AM

NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

Section 59-7-204 indicates how a corporation shall determine the portion of Utah taxable income derived from or attributable to sources within this state.

Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

None.

Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

Section R865-3C-1 indicates how a corporation subject to the corporation income tax shall determine the net income attributable to Utah. Therefore, this rule should be continued.

The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

Direct questions regarding this rule to:

• Christa Johnson at the above address, by phone at 801-297-3901, by FAX at 801-297-3907, or by Internet E-mail at cj@utah.gov

Authorized by:

Michael Cragun, Tax Commissioner

Effective:

01/03/2012