Valuation of property for inclusion in property factor.

  1. Law
  2. Utah Code
  3. Revenue and Taxation
  4. Corporate Franchise and Income Taxes
  5. Allocation and Apportionment of Income - Utah UDITPA Provisions
  6. Valuation of property for inclusion in property factor.

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  • (1) Property owned by the taxpayer is valued at its original cost.
  • (2) Property rented by the taxpayer is valued at eight times the net annual rental rate.
  • (3) Net annual rental rate is the annual rental rate paid by the taxpayer less any annual rental rate received by the taxpayer from subrentals.
  • (4) Property owned or rented by an airline is valued as provided in this section, subject to the calculation required by Subsection 59-7-312(2).




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