Utah Code Ann. § 59-7-625 – Nonrefundable tax credit for a donation to the Carson Smith Opportunity Scholarship Program. | Midpage
§ 59-7-625
Utah Code Ann. § 59-7-625
Nonrefundable tax credit for a donation to the Carson Smith Opportunity Scholarship Program.
Effective Jan 1, 2026Amended by Chapter 217, 2026 General Session
(1) A taxpayer 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) A taxpayer may claim the tax credit described in Subsection (1) for the taxable year indicated on the tax credit certificate issued in accordance with Section 53E-7-407.
(3) A taxpayer may not claim the tax credit described in Subsection (1) for a donation to the extent the taxpayer claims the donation as a deduction or credit against the taxpayer's federal income taxes for any taxable year.