Utah Regulator Lays Out Capital Gains Tax Strategy

Law360, New York (December 17, 2013, 4:57 PM EST) -- The Utah State Tax Commission last week provided guidance on what transactions may qualify for the state's tax credit on capital gains, laying out a blueprint for how corporations can get around a $2.5 million cap on small business investments that would prevent a company from claiming the credit.

The commission issued a private letter ruling on Dec. 13 in response to a company's questions about Utah's credit on capital gains transactions. Under Utah's tax laws, eligible taxpayers, estates and trusts can obtain a 5 percent...
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