Utah Code Title 59. Revenue and Taxation § 59-7-504. Estimated tax payments--Penalty--Waiver

(a) for the first year a corporation is required to file a return in Utah, that corporation is not subject to Subsection (1) if the corporation makes a payment on or before the due date of the return, without extensions, equal to or greater than the minimum tax required under Section 59-7-104 or 59-7-201;

(b) the applicable percentage of the required annual payment, as defined in Section 6655, Internal Revenue Code, for annualized income installments, adjusted seasonal installments, and those estimated tax payments based on the current year tax liability shall be:

(c) a large corporation shall be treated as any other corporation for purposes of this section;

(d) if a taxpayer elects a different annualization period than the one used for federal purposes, the taxpayer shall make an election with the commission at the same time as provided under Section 6655, Internal Revenue Code;  and

(e) the due date shall be superseded by the due date for federal estimated payments if modified by other federal action.