Utah Statutes
§ 59-10-1103 — Tax credit for pass-through entity taxpayer.
Utah·Title 59 Revenue and Taxation·Ch. 59-10 Individual Income Tax Act·Part 59-10-11 Refundable Tax Credit Act
(1)As used in this section:
(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
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Legislative History
Amended by Chapter 238, 2022 General Session
Nearby Sections
15
§ 59-1-1001
Statement of taxpayer rights.§ 59-1-1002
Audit interviews.§ 59-1-1003
Penalty waiver.§ 59-1-1004
Installment payments.§ 59-1-1005
Suits against commission and its employees.§ 59-1-101
Definitions.§ 59-1-103
Income Tax Surplus Restricted Account.§ 59-1-1101
Private collection of tax -- Fee.§ 59-1-1302
Definitions.