Utah Admin. Code R884-24P-32 - Leasehold Improvements Pursuant to Utah Code Ann. Section 59-2-303
A. The value of
leasehold improvements shall be included in the value of the underlying real
property and assessed to the owner of the underlying real property.
B. The combined valuation of leasehold
improvements and underlying real property required in A. shall satisfy the
requirements of Section
59-2-103(1).
C. The provisions of this rule shall not
apply if the underlying real property is owned by an entity exempt from tax
under Section
59-2-1101.
D. The provisions of this rule shall be
implemented and become binding on taxpayers beginning January 1,
2000.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.