Terms Used In Utah Code 59-10-1038

• 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
• Taxpayer: means any of the following that has income subject in whole or part to the tax imposed by this chapter:
            (1)(aa)(i) an individual;
            (1)(aa)(ii) an estate, a trust, or a beneficiary of an estate or a trust that is not a pass-through entity or a pass-through entity taxpayer;
            (1)(aa)(iii) a pass-through entity; or
            (1)(aa)(iv) a pass-through entity taxpayer. See Utah Code 59-10-103