Utah Code 59-7-614.4. Tax credit for pass-through entity taxpayer
Current as of: 2024 | Check for updates
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(1) As used in this section:
Terms Used In Utah Code 59-7-614.4
- Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
- Taxpayer: means any corporation subject to the tax imposed by this chapter. See Utah Code 59-7-101
(1)(a) “Pass-through entity” is as defined in Section 59-10-1402 .
(1)(b) “Pass-through entity taxpayer” is as defined in Section 59-10-1402 .
(2) A pass-through entity taxpayer may claim a refundable tax credit against the tax otherwise due under this chapter.
(3) The tax credit described in Subsection (2) is equal to the amount paid or withheld by the pass-through entity on behalf of the pass-through entity taxpayer described in Subsection (2) in accordance with Section 59-10-1403.2 .
(4) A pass-through entity taxpayer may not claim a tax credit under this section for an amount for which the pass-through entity taxpayer claims a tax credit under Section 59-10-1103 .