ENTITY
Utah Pass-Through Entity Tax (PTET)
Notice 2020-75; Utah Code §59-10-1033.1
Elect to pay Utah state income tax at the entity level, converting it from a SALT-capped itemized deduction to an uncapped business deduction on the federal return.
Eligibility
S-Corp or partnership in Utah
Frequently Asked Questions
Who is eligible for the Utah Pass-Through Entity Tax (PTET)?
S-Corp or partnership in Utah
How does the Utah Pass-Through Entity Tax (PTET) work?
Elect to pay Utah state income tax at the entity level, converting it from a SALT-capped itemized deduction to an uncapped business deduction on the federal return.
What law authorizes the Utah Pass-Through Entity Tax (PTET)?
The Utah Pass-Through Entity Tax (PTET) is authorized under Notice 2020-75; Utah Code §59-10-1033.1.
Parameters
amount int
state tax paid at entity level