59-7-625. Nonrefundable tax credit for a donation to the Carson Smith Opportunity Scholarship Program.
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Effective 1/1/2026
59-7-625. Nonrefundable tax credit for a donation to the Carson Smith Opportunity Scholarship Program.
(1)A taxpayer 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)A taxpayer may claim the tax credit described in Subsection
(1)for the taxable year indicated on the tax credit certificate issued in accordance with Section 53E-7-407 .
(3)A taxpayer may not claim the tax credit described in Subsection
(1)for a donation to the extent the taxpayer claims the donation as a deduction or credit against the taxpayer's federal income taxes for any taxable year.
Amended by Chapter 217 , 2026 General Session