Section 408 - Receipts normally apportioned -- Insubstantial allocations not required. (Superseded 7/1/2020)

UT Code § 22-3-408 (2019) (N/A)
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(1) the amount of the allocation would increase or decrease net income in an accounting period, as determined before the allocation, by less than 10%; or

(2) the value of the asset producing the receipt for which the allocation would be made is less than 10% of the total value of the trust's assets at the beginning of the accounting period.