Section 1043 – Nonrefundable tax credit for military retirement.
Effective 3/23/2022 59-10-1043. Nonrefundable tax credit for military retirement. (1) As used in this section: (a) (i) “Military retirement pay” means retirement pay, including survivor benefits, that relates to service in the armed forces or the reserve components, as described in 10 U.S.C. Sec. 10101. (ii) “Military retirement pay” does not include: (A) Social Security […]
Section 1044 – Nonrefundable earned income tax credit.
Effective 5/4/2022 59-10-1044. Nonrefundable earned income tax credit. (1) As used in this section: (a) “Federal earned income tax credit” means the federal earned income tax credit described in Section 32, Internal Revenue Code. (b) “Qualifying claimant” means a resident or nonresident individual who qualifies and claims the federal earned income tax credit for the […]
Section 1045 – Nonrefundable tax credit for taxes paid by pass-through entity.
Effective 3/23/2022 59-10-1045. Nonrefundable tax credit for taxes paid by pass-through entity. (1) As used in this section, “taxed pass-through entity taxpayer” means a resident or nonresident individual who: (a) has income attributed to the individual by a pass-through entity; (b) receives the income described in Subsection (1)(a) after the pass-through entity pays the tax […]
Section 1037 – Nonrefundable enterprise zone tax credit.
Affected by 63I-2-259 on 12/31/2024 Effective 7/1/2021 59-10-1037. Nonrefundable enterprise zone tax credit. (1) As used in this section: (a) “Business entity” means a claimant, estate, or trust that meets the definition of “business entity” as that term is defined in Section 63N-2-202. (b) “Office” means the Governor’s Office of Economic Opportunity created in Section […]
Section 1038 – Nonrefundable rural job creation tax credit.
Effective 5/4/2022 59-10-1038. Nonrefundable rural job creation tax credit. (1) As used in this section, “office” means the Governor’s Office of Economic Opportunity created in Section 63N-1a-301. (2) Subject to the other provisions of this section, a taxpayer may claim a nonrefundable tax credit for rural job creation as provided in this section. (3) The […]
Section 1040 – Nonrefundable tax credit for small employer’s participation in retirement.
Effective 5/9/2017 59-10-1040. Nonrefundable tax credit for small employer’s participation in retirement. (1) As used in this section: (a) “Participating employer” means a small employer that offers a qualified plan to the employer’s employees for voluntary enrollment. (b) “Qualified plan” means a retirement plan that meets the requirements of the Employee Retirement Income Security Act […]
Section 1041 – Nonrefundable tax credit for donation to Special Needs Opportunity Scholarship Program.
Effective 5/4/2022 59-10-1041. Nonrefundable tax credit for donation to Special Needs Opportunity Scholarship Program. (1) Except as provided in Subsection (3), a claimant, estate, or trust that makes a donation to the Special Needs Opportunity Scholarship Program established in Section 53E-7-402 may claim a nonrefundable tax credit equal to 100% of the amount stated on […]
Section 1042 – Nonrefundable tax credit for social security benefits.
Effective 5/4/2022 59-10-1042. Nonrefundable tax credit for social security benefits. (1) As used in this section: (a) “Head of household filing status” means the same as that term is defined in Section 59-10-1018. (b) “Joint filing status” means the same as that term is defined in Section 59-10-1018. (c) “Married filing separately status” means a […]
Section 1036 – Nonrefundable tax credit for military survivor benefits.
Effective 5/5/2021 59-10-1036. Nonrefundable tax credit for military survivor benefits. (1) As used in this section: (a) “Dependent child” means the same as that term is defined in 10 U.S.C. Sec. 1447. (b) “Reserve components” means the same as that term is described in 10 U.S.C. Sec. 10101. (c) “Surviving spouse” means the same as […]
Section 1025 – Nonrefundable tax credit for investment in certain life science establishments.
Effective 5/14/2019 59-10-1025. Nonrefundable tax credit for investment in certain life science establishments. (1) As used in this section: (a) “Commercial domicile” means the principal place from which the trade or business of a Utah small business corporation is directed or managed. (b) “Eligible claimant, estate, or trust” means the same as that term is […]