Definitions

# (1)

# (a)

Except as provided in Subsection (1)(b) or Subsection 59-10-1003(2), "claimant" means a resident or nonresident person that has state taxable income.

# (b)

"Claimant" does not include an estate or trust.

# (2)

Except as provided in Subsection 59-10-1003(2), "estate" means a nonresident estate or a resident estate that has state taxable income.

# (3)

"Nonrefundable tax credit" or "tax credit" means a tax credit that a claimant, estate, or trust may:

# (a)

claim:

(i) as provided by statute; and

(ii) in an amount that does not exceed the claimant's, estate's, or trust's tax liability under this chapter for a taxable year; and

# (b)

carry forward or carry back:

(i) if allowed by statute; and

(ii) unless otherwise provided in statute, to the extent that the amount of the tax credit exceeds the claimant's, estate's, or trust's tax liability under this chapter for a taxable year.

# (4)

Except as provided in Subsection 59-10-1003(2), "trust" means a nonresident trust or a resident trust that has state taxable income.