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Utah tax staff propose form changes to capture allocated unrelated business income from nonprofits
Summary
Utah State Tax Commission staff told a legislative oversight committee they plan to revise the state unrelated business income form to account for “allocated” income that currently is not separated from apportioned income, and asked for public input before changing statute or forms.
Tax Commission staff told the Rules Review and General Oversight Committee on a special July meeting that they will publish a revised state form to better record nonprofit unrelated business income and asked for public feedback. Jason Gardner, deputy executive director of the Utah State Tax Commission, said the issue was raised by tax practitioners and stems from changes in how nonprofit entities generate business-like income since Utah adopted unrelated business income taxation in 1994.
Gardner said, “Our current form apportions all income,” and that it does not separately account for allocated income. He explained that “allocated income is … allocated 100% to the state of corporate…
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