Utah Code Ann. § 59-10-1041 – Nonrefundable tax credit for a donation to the Carson Smith Opportunity Scholarship Program. | Midpage
§ 59-10-1041
Utah Code Ann. § 59-10-1041
Nonrefundable tax credit for a donation to the Carson Smith Opportunity Scholarship Program.
Effective Jan 1, 2026Amended by Chapter 217, 2026 General Session
(1) Except as provided in Subsection (3), a claimant, estate, or trust that makes a donation to the Carson Smith Opportunity Scholarship Program established in Section 53E-7-402 may claim a nonrefundable tax credit equal to 100% of the amount stated on a tax credit certificate issued in accordance with Section 53E-7-407.
(2) The tax credit described in Subsection (1) may be claimed for the taxable year indicated on the tax credit certificate issued in accordance with Section 53E-7-407.
(3) A claimant, estate, or trust may not claim the tax credit described in Subsection (1) for a donation to the extent the claimant, estate, or trust claims the donation as a deduction or credit against the claimant's, estate's, or trust's federal income taxes for any taxable year.