Utah Code 59-10-1103. Tax credit for pass-through entity taxpayer
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(1) As used in this section:
Terms Used In Utah Code 59-10-1103
- claimant: means a resident or nonresident person. See Utah Code 59-10-1102
- Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
- estate: means a nonresident estate or a resident estate. See Utah Code 59-10-1102
- Pass-through entity: means the same as that term is defined in Section 59-10-1402. See Utah Code 59-10-103
- Pass-through entity taxpayer: means the same as that term is defined in Section 59-10-1402. See Utah Code 59-10-103
- tax credit: means a tax credit that a claimant, estate, or trust may claim:(3)(a) as provided by statute; and(3)(b) regardless of whether the claimant, estate, or trust has a tax liability under this chapter for a taxable year. See Utah Code 59-10-1102
- Taxpayer: means any of the following that has income subject in whole or part to the tax imposed by this chapter:
(1)(aa)(i) an individual;(1)(aa)(ii) an estate, a trust, or a beneficiary of an estate or a trust that is not a pass-through entity or a pass-through entity taxpayer;(1)(aa)(iii) a pass-through entity; or(1)(aa)(iv) a pass-through entity taxpayer. See Utah Code 59-10-103- trust: means a nonresident trust or a resident trust. See Utah Code 59-10-1102
(1)(a) “Pass-through entity” means the same as that term is defined in Section 59-10-1402.(1)(b) “Pass-through entity taxpayer” means the same as that term is defined in Section 59-10-1402.(2) A pass-through entity taxpayer may claim a refundable tax credit against the tax otherwise due under this chapter if that pass-through entity taxpayer is a:(2)(a) claimant;(2)(b) estate; or(2)(c) trust.(3) The tax credit described in Subsection (2) is equal to the amount paid or withheld by the pass-through entity on behalf of the pass-through entity taxpayer described in Subsection (2) in accordance with Section 59-10-1403.2, other than a tax described in Subsection 59-10-1403.2(2).(4) A pass-through entity taxpayer may not claim a tax credit under this section for an amount for which the pass-through entity taxpayer claims a tax credit under Section 59-7-614.4. - Taxpayer: means any of the following that has income subject in whole or part to the tax imposed by this chapter: