Statutes > Utah Statutes > Title 59 - Revenue and Taxation > Chapter 07 - Corporate Franchise and Income Taxes > 59-7-804 - Transition rule -- Net loss carryforwards.

59-7-804 - Transition rule -- Net loss carryforwards.

59-7-804. Transition rule -- Net loss carryforwards.
Net operating losses shall be recognized to the extent recognized for federal purposeseven if incurred prior to the effective date of this part.

Enacted by Chapter 178, 1994 General Session