§ 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

                    
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