{"data":{"id":"us-ut/utah-code-59-7-522","jurisdiction":"us-ut","citation":"Utah Code § 59-7-522","heading":"Overpayments.","body":"(1) As used in this section, \"overpayment\" means the same as that term is defined in Section 59-1-1409.\n(2)\n(a) Subject to Subsection (2)(b), a claim for credit or refund of an overpayment that is attributable to a Utah net loss carry forward shall be filed within three years from the due date of the return for the taxable year of the Utah net loss.\n(b) The three-year period described in Subsection (2)(a) shall be extended by any extension of time provided in statute for filing the return described in Subsection (2)(a).\n(3) The commission shall make a credit against or refund of any overpayment of a tax under this chapter for a taxable year if, in accordance with Section 59-7-519:\n(a)\n(i) a corporation agrees with the commissioner of internal revenue for an extension, or a renewal of an extension, of the period for proposing and assessing a deficiency in federal income tax for that taxable year; or\n(ii) there is a change in or correction of federal taxable income for that taxable year; and\n(b) the corporation files a claim for the credit or refund before the expiration of the time period within which the commission may assess a deficiency.\n(4) The commission shall make a credit or refund within a 30-day period after the day on which a court's decision to require the commission to credit or refund the amount of an overpayment to a taxpayer is final.","path":["Title 59 Revenue and Taxation","Chapter 59-7 Corporate Franchise and Income Taxes","Part 59-7-5 Procedures and Administration"],"source_url":"https://le.utah.gov/xcode/Title59/Chapter7/59-7-S522.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"c9740a376314aaabb1113f1e04addb97fa9f3923b2bc8c7b4d16617d6ca215a6","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-59-7-519","next":"us-ut/utah-code-59-7-528"},"notice":"GroundRules: Original legal text. Not legal advice."}