Alliant Techsystems, Inc. v. Salt Lake County Board of Equalization

Associate Chief Justice DURRANT,

opinion of the Court:

INTRODUCTION

T1 In this appeal, we are asked to interpret section 59-4-101 of the Utah Code (the Privilege Tax Statute or the Statute). The Privilege Tax Statute provides that an entity may be taxed on the privilege of beneficially using or possessing property in connection with a for-profit business, when the owner of that property is exempt from taxation1 But the privilege tax may not be imposed unless the entity using or possessing the exempt property has "exclusive possession" of that property.2 In this case, we must interpret the…