State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
Statute: A law passed by a legislature.
tax credit: means a tax credit that a business entity may:
(a)
claim:
(i)
as provided by statute; and
(ii)
in an amount that does not exceed the business entity's tax liability for a taxable year under:
Town: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5
Trust: means a nonresident trust or a resident trust that has state taxable income under 2. See Utah Code 63N-2-202
(a)
including a claimant, estate, or trust; and
(b)
under which or by whom business is conducted or transacted.
(2)
“Claimant” means a resident or nonresident person that has:
(a)
Utah taxable income as defined in Section 59-7-101; or
(b)
state taxable income under 1.
(3)
“County applicant” means the governing authority of a county that meets the requirements for designation as an enterprise zone under Section 63N-2-204.
(4)
“Estate” means a nonresident estate or a resident estate that has state taxable income under 2.
(5)
“Municipal applicant” means the governing authority of a city or town that meets the requirements for designation as an enterprise zone under Section 63N-2-204.
(6)
“Nonrefundable tax credit” or “tax credit” means a tax credit that a business entity may:
(a)
claim:
(i)
as provided by statute; and
(ii)
in an amount that does not exceed the business entity’s tax liability for a taxable year under:
