Utah Code Ann. § 59-7-401 – Determining threshold level of business activity for corporations organized or incorporated outside of the United States. | Midpage
§ 59-7-401
Utah Code Ann. § 59-7-401
Determining threshold level of business activity for corporations organized or incorporated outside of the United States.
Amended by Chapter 225, 2005 General Session
(1) Except as provided in Subsection (2), in determining whether a corporation is a foreign operating company or has met the threshold level of business activity, business activity within and without the United States shall be measured by means of the factors ordinarily applicable under Sections 59-7-312 through 59-7-319.
(b) The results of the property and payroll factor computation shall be divided by two, or by one if either the property or payroll factor has a denominator of zero.