§ 59-7-601 Credit of interest income from state and federal securities
§ 59-7-606 Tax credit — Items using cleaner burning fuels
§ 59-7-607 Utah low-income housing tax credit
§ 59-7-609 Historic preservation credit
§ 59-7-610 Recycling market development zones tax credits
§ 59-7-612 Tax credits for research activities conducted in the state — Carry forward — Commission to report modification or repeal of certain federal provisions — Revenue and Taxation Interim Committee study
§ 59-7-614 Clean energy systems tax credits — Definitions — Certification — Rulemaking authority
§ 59-7-614.1 Refundable tax credit for hand tools used in farming operations — Procedures for refund — Transfers from General Fund to Income Tax Fund — Rulemaking authority
§ 59-7-614.2 Refundable economic development tax credit
§ 59-7-614.4 Tax credit for pass-through entity taxpayer
§ 59-7-614.5 Refundable motion picture tax credit
§ 59-7-614.7 Nonrefundable alternative energy development tax credit
§ 59-7-614.10 Nonrefundable enterprise zone tax credit
§ 59-7-618.1 Tax credit related to alternative fuel heavy duty vehicles
§ 59-7-619 Nonrefundable high cost infrastructure development tax credit
§ 59-7-621 Nonrefundable rural job creation tax credit
§ 59-7-623 Nonrefundable guaranty association assessment tax credit
§ 59-7-624 Targeted business income tax credit
§ 59-7-625 Nonrefundable tax credit for a donation to the Carson Smith Opportunity Scholarship Program
§ 59-7-626 Refundable tax credit for nonrenewable hydrogen production system
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Terms Used In Utah Code > Title 59 > Chapter 7 > Part 6 - Credits

  • Business income: means the same as that term is defined in Section 59-7-302. See Utah Code 59-7-101
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Corporation: includes :
         (11)(a) entities defined as corporations under Sections 7701(a) and 7704, Internal Revenue Code; and
         (11)(b) other organizations that are taxed as corporations for federal income tax purposes under the Internal Revenue Code. See Utah Code 59-7-101
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Highway: includes :
         (15)(a) a public bridge;
         (15)(b) a county way;
         (15)(c) a county road;
         (15)(d) a common road; and
         (15)(e) a state road. See Utah Code 68-3-12.5
  • Income: includes losses. See Utah Code 59-7-101
  • Internal Revenue Code: means Title 26 of the United States Code as effective during the year in which Utah taxable income is determined. See Utah Code 59-7-101
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Month: means a calendar month, unless otherwise expressed. See Utah Code 68-3-12.5
  • Oath: A promise to tell the truth.
  • Oath: includes "affirmation. See Utah Code 68-3-12.5
  • Person: means :
         (24)(a) an individual;
         (24)(b) an association;
         (24)(c) an institution;
         (24)(d) a corporation;
         (24)(e) a company;
         (24)(f) a trust;
         (24)(g) a limited liability company;
         (24)(h) a partnership;
         (24)(i) a political subdivision;
         (24)(j) a government office, department, division, bureau, or other body of government; and
         (24)(k) any other organization or entity. See Utah Code 68-3-12.5
  • Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
  • Property: includes both real and personal property. See Utah Code 68-3-12.5
  • Reporter: Makes a record of court proceedings and prepares a transcript, and also publishes the court's opinions or decisions (in the courts of appeals).
  • return: includes a combined report. See Utah Code 59-7-101
  • 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
  • taxable year: includes the period for which such return is made. See Utah Code 59-7-101
  • Taxpayer: means any corporation subject to the tax imposed by this chapter. See Utah Code 59-7-101
  • Unitary group: includes a captive real estate investment trust. See Utah Code 59-7-101
  • United States: includes the 50 states and the District of Columbia. See Utah Code 59-7-101