59-10-1041. Nonrefundable tax credit for a donation to the Carson Smith Opportunity Scholarship Program.
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Effective 1/1/2026
59-10-1041. Nonrefundable tax credit for a donation to the Carson Smith Opportunity Scholarship Program.
(1)Except as provided in Subsection
(3), a claimant, estate, or trust that makes a donation to the Carson Smith Opportunity Scholarship Program established in Section 53E-7-402 may claim a nonrefundable tax credit equal to 100% of the amount stated on a tax credit certificate issued in accordance with Section 53E-7-407 .
(2)The tax credit described in Subsection
(1)may be claimed for the taxable year indicated on the tax credit certificate issued in accordance with Section 53E-7-407 .
(3)A claimant, estate, or trust may not claim the tax credit described in Subsection
(1)for a donation to the extent the claimant, estate, or trust claims the donation as a deduction or credit against the claimant's, estate's, or trust's federal income taxes for any taxable year.
Amended by Chapter 217 , 2026 General Session