Utah § 59-10-1041 Nonrefundable tax credit for a donation to the Carson Smith Opportunity Scholarship Program.

Utah Statutes

§ 59-10-1041 — Nonrefundable tax credit for a donation to the Carson Smith Opportunity Scholarship Program.

Utah § 59-10-1041

Title 59Revenue and Taxation

Ch. 59-10Individual Income Tax Act

Part 59-10-10Nonrefundable Tax Credit Act

This text of Utah § 59-10-1041 (Nonrefundable tax credit for a donation to the Carson Smith Opportunity Scholarship Program.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 59-10-1041 (2026).

Text

(1)Except as provided in Subsection (3), a claimant, estate, or trust that makes a donation to the Carson Smith Opportunity Scholarship Program established in Section 53E-7-402 may claim a nonrefundable tax credit equal to 100% of the amount stated on a tax credit certificate issued in accordance with Section 53E-7-407.

(2)If the amount of a tax credit listed on the tax credit certificate exceeds a claimant's, estate's, or trust's tax liability under this chapter for a taxable year, the claimant, estate, or trust:

(2)(a) may carry forward the amount of the tax credit exceeding the liability for a period that does not exceed the next three taxable years; and

(2)(b) may carry back the amount of the tax credit that exceeds the claimant's, estate's, or trust's tax liability to the previous t

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(1) Except as provided in Subsection (3), a claimant, estate, or trust that makes a donation to the Carson Smith Opportunity Scholarship Program established in Section 53E-7-402 may claim a nonrefundable tax credit equal to 100% of the amount stated on a tax credit certificate issued in accordance with Section 53E-7-407.
(2) If the amount of a tax credit listed on the tax credit certificate exceeds a claimant's, estate's, or trust's tax liability under this chapter for a taxable year, the claimant, estate, or trust:
(2)(a) may carry forward the amount of the tax credit exceeding the liability for a period that does not exceed the next three taxable years; and
(2)(b) may carry back the amount of the tax credit that exceeds the claimant's, estate's, or trust's tax liability to the previous taxable year.
(3) A claimant, estate, or trust may not claim a credit described in Subsection (1) to the extent the claimant, estate, or trust claims a donation described in Subsection (1) as an itemized deduction on the claimant's, estate's, or trust's federal individual income tax return for that taxable year.