§ 59-10-1318. Contribution to Invest More for Education Account.


Latest version.
  • (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 section to be:
    (a) deposited into the Invest More for Education Account; and
    (b) expended as provided in Subsection 53A-16-101(4).
    (2) The commission shall:
    (a) determine the total amount of contributions designated in accordance with this section for a taxable year; and
    (b) credit the amount described in Subsection (2)(a) to the Invest More for Education Account created in Subsection 53A-16-101(4).
Enacted by Chapter 235, 2013 General Session