Terms Used In Utah Code 59-10-1001

• tax credit: means a tax credit that a claimant, estate, or trust may:
       (3)(a) claim:

            (3)(a)(i) as provided by statute; and

            (3)(a)(ii) in an amount that does not exceed the claimant's, estate's, or trust's tax liability under this chapter for a taxable year; and
       (3)(b) carry forward or carry back:

            (3)(b)(i) if allowed by statute; and

            (3)(b)(ii) unless otherwise provided in statute, to the extent that the amount of the tax credit exceeds the claimant's, estate's, or trust's tax liability under this chapter for a taxable year. See Utah Code 59-10-1002