revenues -- Refund reverts to state under certain circumstances. (1) (a) The commission shall administer and enforce a tax imposed under this chapter for which purpose it may divide the state into districts in each of which a branch office of the commission may be maintained. (b) A county may not be divided in forming a district. (2) (a) The commission shall deposit at least quarterly all revenue collected or received by the commission under this chapter with the state treasurer. (b) Subject to Sections 59-10-529 and 59-10-531, the commission shall distribute and credit, at least quarterly and based on a pro rata share of Income Tax Fund and Uniform School Fund appropriations for the current fiscal year, the revenue described in Subsection (2)(a) to: (i) the Income Tax Fund; and (ii) the Uniform School Fund in accordance with Section 53F-9-201.1. (c) The commission may credit to or draw from the Income Tax Fund and the Uniform School Fund: (i) annually to adjust for differences between estimates and actual amounts; or (ii) in the proportion described in Subsection (2)(b) to issue a refund. (d) If a refund the commission makes is not claimed within two years from the date the commission issues the refund: (i) the refund reverts to the state to be credited to the Income Tax Fund; and (ii) no further claim may be made on the commission for the amount of the refund.
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