{"data":{"id":"us-ut/utah-code-59-5-305","jurisdiction":"us-ut","citation":"Utah Code § 59-5-305","heading":"High cost infrastructure tax credit.","body":"(1)\n(a) Subject to Subsection (1)(b), an infrastructure cost-burdened entity may claim a nonrefundable tax credit against severance taxes due under Part 1, Oil and Gas Severance Tax, or Part 2, Mining Severance Tax, for development of a high cost infrastructure project.\n(b) An infrastructure cost-burdened entity may not claim a tax credit under this section and under Section 59-7-619 or 59-10-1034 using the same tax credit certificate.\n(2) The tax credit under this section is the amount listed as the tax credit amount on a tax credit certificate that the office issues under Title 79, Chapter 6, Part 6, High Cost Infrastructure Development Tax Credit Act, to the infrastructure cost-burdened entity for the taxable year.\n(3) An infrastructure cost-burdened entity may carry forward a tax credit under this section for a period that does not exceed the next seven taxable years if the amount of the severance tax credit exceeds the infrastructure cost-burdened entity's tax liability under this chapter for that taxable year.","path":["Title 59 Revenue and Taxation","Chapter 59-5 Severance Tax on Oil, Gas, and Mining","Part 59-5-3 Tax Credits"],"source_url":"https://le.utah.gov/xcode/Title59/Chapter5/59-5-S305.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"13e7ca1aa8377ea083ca3bad431041c989b042dff573a41088c57db5e6094039","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-59-5-304","next":"us-ut/utah-code-59-6-101"},"notice":"GroundRules: Original legal text. Not legal advice."}