{"data":{"id":"us-ut/utah-code-59-10-1045","jurisdiction":"us-ut","citation":"Utah Code § 59-10-1045","heading":"Nonrefundable tax credit for taxes paid by pass-through entity.","body":"(1) As used in this section, \"taxed pass-through entity taxpayer\" means a resident or nonresident individual who:\n(a) has income attributed to the individual by a pass-through entity;\n(b) receives the income described in Subsection (1)(a) after the pass-through entity pays the tax described in Subsection 59-10-1403.2(2); and\n(c) adds the amount of tax paid on the income described in Subsection (1)(a) to adjusted gross income in accordance with Subsection 59-10-114(1)(i).\n(2)\n(a) A taxed pass-through entity taxpayer may claim a nonrefundable tax credit for the taxes imposed under Subsection 59-10-1403.2(2).\n(b) The tax credit is equal to the amount of the tax paid under Subsection 59-10-1403.2(2) by the pass-through entity on the income attributed to the taxed pass-through entity taxpayer.\n(3)\n(a) A taxed pass-through entity taxpayer may carry forward the amount of the tax credit that exceeds the taxed pass-through entity taxpayer's tax liability for a period that does not exceed the next ten taxable years.\n(b) A taxed pass-through entity taxpayer may not carry back the amount of the tax credit that exceeds the taxed pass-through entity taxpayer's tax liability for the taxable year.","path":["Title 59 Revenue and Taxation","Chapter 59-10 Individual Income Tax Act","Part 59-10-10 Nonrefundable Tax Credit Act"],"source_url":"https://le.utah.gov/xcode/Title59/Chapter10/59-10-S1045.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"3f89b091131b958af52c19caf1f21b7ef79ab9fa4981a570f2d762c90c4f9e94","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-59-10-1044","next":"us-ut/utah-code-59-10-1046"},"notice":"GroundRules: Original legal text. Not legal advice."}