59-7-614.4. Tax credit for pass-through entity taxpayer.
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59-7-614.4. Tax credit for pass-through entity taxpayer.
(1)As used in this section:
(a)"Pass-through entity" is as defined in Section 59-10-1402 .
(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 .
Enacted by Chapter 312 , 2009 General Session