§ 59-10-1103. Tax credit for pass-through entity taxpayer.

Latest version.

(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 if that pass-through entity taxpayer is a:

(a)

claimant;

(b)	estate; or

(c)

trust.

(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 59-7-614.4.

Amended by Chapter 312, 2009 General Session

                    
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