59-7-116.5 - Real estate investment trusts.
59-7-116.5. Real estate investment trusts.
(1) A real estate investment trust that is not a captive real estate investment trust shall betaxed on the same income taxed for federal purposes under the Internal Revenue Code.
(2) Any income taxable under this section shall be taxed at the same rate and in the samemanner provided for in this chapter.
Amended by Chapter 389, 2008 General Session