59-10-1307. Contributions for education.

255 words·~1 min read·/ut/title-59/chapter-10/59-10-1307

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 3/22/2018

(1)Except as provided in Section 59-10-1304 , a resident or nonresident individual that files an individual income tax return under this chapter may designate on the resident or nonresident individual's individual income tax return a contribution as provided in this part to:

(a)the foundation of any school district if that foundation is exempt from federal income taxation under Section 501(c)(3), Internal Revenue Code; or

(b)a school district described in Title 53G, Chapter 3, School District Creation and Change , if the school district has not established a foundation.

(2)If a resident or nonresident individual designates an amount as a contribution under:

(a)Subsection (1)(a) , but does not designate a particular school district foundation to receive the contribution, the contribution shall be made to the State Board of Education to be distributed to one or more associations of foundations:

(i)if those foundations that are members of the association are established in accordance with Section 53E-3-403 ; and

(ii)as determined by the State Board of Education; or

(b)Subsection (1)(b) , but does not designate a particular school district to receive the contribution, the contribution shall be made to the State Board of Education.

(3)The commission shall:

(a)determine annually the total amount of contributions designated to each entity described in Subsection

(1)in accordance with this section; and

(b)subject to Subsection

(2), credit the amounts described in Subsection

(1)to the entities.

Amended by Chapter 415 , 2018 General Session