No. 31460 (Amendment): R865-9I-12. Fiduciary Adjustment Pursuant to Utah Code Ann. Section 59-10-210

DAR File No.: 31460
Filed: 05/20/2008, 12:45
Received by: NL

RULE ANALYSIS

Purpose of the rule or reason for the change:

The section is removed because the substance of the section appears in statute.

Summary of the rule or change:

The section is removed.

State statutory or constitutional authorization for this rule:

Section 59-10-210

Anticipated cost or savings to:

the state budget:

None--The substance of the removed section appears in statute.

local governments:

None--The substance of the removed section appears in statute.

small businesses and persons other than businesses:

None--The substance of the removed section appears in statute.

Compliance costs for affected persons:

None--The substance of the removed section language appears in statute.

Comments by the department head on the fiscal impact the rule may have on businesses:

There are no anticipated impacts. D'Arcy Dixon, Commissioner

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

Tax Commission
Auditing
210 N 1950 W
SALT LAKE CITY UT 84134

Direct questions regarding this rule to:

Cheryl Lee at the above address, by phone at 801-297-3900, by FAX at 801-297-3919, or by Internet E-mail at [e-mail]

Interested persons may present their views on this rule by submitting written comments to the address above no later than 5:00 p.m. on:

07/15/2008

This rule may become effective on:

10/13/2008

Authorized by:

D'Arcy Dixon, Commissioner

RULE TEXT

R865. Tax Commission, Auditing.

R865-9I. Income Tax.

[R865-9I-12. Fiduciary Adjustment Pursuant to Utah Code Ann. Section 59-10-210.

A. The net amount of the modifications described in Utah Code Ann. Sections 59-10-114 and 59-10-115 that relate to items of income or deduction of an estate or trust may be determined and used as the fiduciary adjustment. Otherwise, any methods different from those prescribed in Utah Code Ann. Section 59-10-210 shall be used only if approved or directed by the Tax Commission as being more appropriate and equitable in specific cases.]

 

KEY: historic preservation, income tax, tax returns, enterprise zones

Date of Enactment or Last Substantive Amendment: [March 14], 2008

Notice of Continuation: March 20, 2007

Authorizing, and Implemented or Interpreted Law: 59-10-210