59-10-1044. Nonrefundable earned income tax credit.
178 words·~1 min read·
/ut/title-59/chapter-10/59-10-1044A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/3/2023
59-10-1044. Nonrefundable earned income tax credit.
(1)As used in this section:
(a)"Federal earned income tax credit" means the federal earned income tax credit described in Section 32, Internal Revenue Code.
(b)"Qualifying claimant" means a resident or nonresident individual who:
(i)qualifies for and claims the federal earned income tax credit for the current taxable year; and
(ii)earns income in Utah that is reported on a W-2 form.
(2)Subject to Section 59-10-1002.2 , a qualifying claimant may claim a nonrefundable earned income tax credit equal to the lesser of:
(a)20% of the amount of the federal earned income tax credit that the qualifying claimant was entitled to claim on a federal income tax return for the current taxable year; and
(b)the total Utah wages reported on the qualifying claimant's W-2 form for the current taxable year.
(3)A qualifying claimant may not carry forward or carry back the amount of the earned income tax credit that exceeds the qualifying claimant's tax liability.
Amended by Chapter 459 , 2023 General Session