Terms Used In Utah Code 59-10-1035

• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• claimant: means a resident or nonresident person that has state taxable income. See Utah Code 59-10-1002
• Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
• estate: means a nonresident estate or a resident estate that has state taxable income. See Utah Code 59-10-1002
• State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
• 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
• trust: means a nonresident trust or a resident trust that has state taxable income. See Utah Code 59-10-1002