Utah Code 59-10-1001. Title
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Terms Used In Utah Code 59-10-1001
- tax credit: means a tax credit that a claimant, estate, or trust may:
(a) claim: (i) as provided by statute; and (ii) in an amount that does not exceed the claimant's, estate's, or trust's tax liability under this chapter for a taxable year; and (b) carry forward or carry back: (i) if allowed by statute; and (ii) unless otherwise provided in statute, to the extent that the amount of the tax credit exceeds the claimant's, estate's, or trust's tax liability under this chapter for a taxable year. See Utah Code 59-10-1002 This part is known as the “Nonrefundable Tax Credit Act.”Enacted by Chapter 223, 2006 General Session