Utah § 59-7-538 Carry forward of expired or repealed tax credit.

Utah Statutes

§ 59-7-538 — Carry forward of expired or repealed tax credit.

Utah § 59-7-538

Title 59Revenue and Taxation

Ch. 59-7Corporate Franchise and Income Taxes

Part 59-7-5Procedures and Administration

This text of Utah § 59-7-538 (Carry forward of expired or repealed tax credit.) 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. § 59-7-538 (2026).

Text

(1)Except as provided in Subsection (2), when a nonrefundable corporate income tax credit under Part 6, Credits, expires or is repealed, the commission shall allow a taxpayer to carry forward any amount of the tax credit that remains for the period of time described in the tax credit for the taxable year in which the taxpayer first claimed the tax credit.

(2)Subsection (1) does not apply to a tax credit described in Subsection 59-7-607(2)(c)(iv).

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(1) Except as provided in Subsection (2), when a nonrefundable corporate income tax credit under Part 6, Credits, expires or is repealed, the commission shall allow a taxpayer to carry forward any amount of the tax credit that remains for the period of time described in the tax credit for the taxable year in which the taxpayer first claimed the tax credit.
(2) Subsection (1) does not apply to a tax credit described in Subsection 59-7-607(2)(c)(iv).