Utah Code Ann. § 59-7-538 – Carry forward of expired or repealed tax credit. | Midpage
§ 59-7-538
Utah Code Ann. § 59-7-538
Carry forward of expired or repealed tax credit.
Effective May 1, 2024Amended by Chapter 413, 2024 General Session
(1) Except as provided in Subsection (2), when a nonrefundable corporate income tax credit under Part 6, Credits, expires or is repealed, the commission shall allow a taxpayer to carry forward any amount of the tax credit that remains for the period of time described in the tax credit for the taxable year in which the taxpayer first claimed the tax credit.
(2) Subsection (1) does not apply to a tax credit described in Subsection 59-7-607(2)(c)(iv).