Utah Code — Title 59 (Revenue and Taxation)
Utah Code § 59-10-1038
Nonrefundable rural job creation tax credit
# (1)
As used in this section, "office" means the Governor's Office of Economic Development created in Section 63N-1a-301.
# (2)
Subject to the other provisions of this section, a taxpayer may claim a nonrefundable tax credit for rural job creation as provided in this section.
# (3)
The tax credit under this section is the amount listed as the tax credit amount on a tax credit certificate that the office issues under Title 63N, Chapter 4, Part 3, Utah Rural Jobs Act, to the taxpayer for the taxable year.
# (4)
If the amount of a tax credit under this section exceeds the taxpayer's tax liability under this chapter for the taxable year in which the taxpayer claims the tax credit, the taxpayer may carry forward the tax credit for:
# (a)
the next seven taxable years, if the credit-eligible contribution as defined in Section 63N-4-302 is made before November 1, 2022; or
# (b)
the next four taxable years, if the credit-eligible contribution as defined in Section 63N-4-302 is made on or after November 1, 2022.
Source: view the official text
In this chapter (40 sections)
- 59-10-1010 · Utah low-income housing tax credit
- 59-10-1012 · Tax credits for research activities conducted in the state…
- 59-10-1014 · Nonrefundable clean energy systems tax credits --…
- 59-10-1015 · Definitions -- Tax credit for live organ donation expenses…
- 59-10-1017 · Utah Educational Savings Plan tax credit
- 59-10-1018 · Definitions -- Nonrefundable taxpayer tax credits
- 59-10-1019 · Definitions -- Nonrefundable retirement tax credit
- 59-10-1020 · Nonrefundable estate or trust tax credit
- 59-10-1022 · Nonrefundable tax credit for capital gain transactions
- 59-10-1023 · Nonrefundable tax credit for amounts paid under a health…
- 59-10-1025 · Nonrefundable tax credit for investment in certain life…
- 59-10-1027 · Nonrefundable tax credit for combat related death
- 59-10-1028 · Nonrefundable tax credit for capital gain transactions on…
- 59-10-1031 · Nonrefundable tax credit for employing a recently deployed…
- 59-10-1032 · Nonrefundable tax credit for employment of a person who is…
- 59-10-1033.1 · Tax credit related to alternative fuel heavy duty…
- 59-10-1034 · Nonrefundable high cost infrastructure development tax…
- 59-10-1035 · Nonrefundable tax credit for contribution to state…
- 59-10-1036 · Nonrefundable tax credit for military survivor benefits
- 59-10-1037 · Nonrefundable enterprise zone tax credit
- 59-10-1038 · Nonrefundable rural job creation tax credit
- 59-10-1041 · Nonrefundable tax credit for a donation to the Carson…
- 59-10-1042 · Nonrefundable tax credit for social security benefits
- 59-10-1043 · Nonrefundable tax credit for military retirement
- 59-10-1044 · Nonrefundable earned income tax credit
- 59-10-1045 · Nonrefundable tax credit for taxes paid by pass-through…
- 59-10-1046 · Nonrefundable adoption expense tax credit
- 59-10-1047 · Nonrefundable child tax credit
- 59-10-1048 · Nonrefundable tax credits for employer-provider child care
- 59-10-1102 · Definitions
- 59-10-1102.1 · Apportionment of tax credit
- 59-10-1103 · Tax credit for pass-through entity taxpayer
- 59-10-1105 · Tax credit for hand tools used in farming operations --…
- 59-10-1106 · Refundable clean energy systems tax credits -- Definitions…
- 59-10-1107 · Refundable economic development tax credit
- 59-10-1108 · Refundable motion picture tax credit
- 59-10-1111 · Refundable tax credit for psychiatrists, psychiatric…
- 59-10-1113 · Refundable tax credit for nonrenewable hydrogen production…
- 59-10-1114 · Refundable adoption expense tax credit
- 59-10-1302 · Definitions