Tax credit for pass-through entity taxpayer

# (1)

As used in this section:

# (a)

"Pass-through entity" means the same as that term is defined in Section 59-10-1402.

# (b)

"Pass-through entity taxpayer" means the same as that term is defined in Section 59-10-1402.

# (2)

A pass-through entity taxpayer may claim a refundable tax credit against the tax otherwise due under this chapter if that pass-through entity taxpayer is a:

(a) claimant;

(b) estate; or

(c) trust.

# (3)

The tax credit described in Subsection (2) is equal to the amount paid or withheld by the pass-through entity on behalf of the pass-through entity taxpayer described in Subsection (2) in accordance with Section 59-10-1403.2, other than a tax described in Subsection 59-10-1403.2(2).

# (4)

A pass-through entity taxpayer may not claim a tax credit under this section for an amount for which the pass-through entity taxpayer claims a tax credit under Section 59-7-614.4.