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Utah Code — Title 59 (Revenue and Taxation)

Utah Code § 59-10-552

Carry forward of expired or repealed tax credit

Official textle.utah.gov

# (1)

Except as provided in Subsection (2), when a nonrefundable individual income tax credit, under Part 10, Nonrefundable Tax Credit Act, expires or is repealed, the commission shall allow a claimant, estate, or trust to carry forward any amount of the tax credit that remains for the period of time described in the tax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 claimant, estate, or trust first claimed the tax credit.

# (2)

Subsection (1) does not apply to a tax credit described in Subsection 59-10-1010(2)(c)(iv).

Last amended: Amended by Chapter 413, 2024 General Session

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In this chapter (40 sections)
  1. 59-10-514 · Return filing requirements -- Rulemaking authority
  2. 59-10-514.1 · Definitions -- Requirement to file returns by electronic…
  3. 59-10-515 · Place and time for filing other documents
  4. 59-10-516 · Filing extension -- Payment of tax -- Penalty -- Foreign…
  5. 59-10-517 · Timely mailing treated as timely filing and paying
  6. 59-10-518 · Time for performance of acts when last day falls on…
  7. 59-10-519 · Place for filing returns or other documents
  8. 59-10-520 · Time and place for paying tax shown on returns
  9. 59-10-522 · Extension of time for paying tax
  10. 59-10-527 · Assessment authority
  11. 59-10-529 · Overpayment of tax -- Credits -- Refunds
  12. 59-10-529.1 · Time period for commission to issue a refund
  13. 59-10-531 · Claims for refund or credit
  14. 59-10-536 · Assessment and collection of tax -- Change on federal…
  15. 59-10-537 · Interest on underpayment, nonpayment, or extension of time…
  16. 59-10-538 · Interest on overpayments
  17. 59-10-539 · Penalties and interest
  18. 59-10-541 · Violations -- Civil and criminal penalties
  19. 59-10-544 · General powers and duties of the commission -- Deposit,…
  20. 59-10-546 · Application of former law
  21. 59-10-552 · Carry forward of expired or repealed tax credit
  22. 59-10-1002 · Definitions
  23. 59-10-1002.1 · Removal of tax credit from tax return and prohibition on…
  24. 59-10-1002.2 · Apportionment of tax credits
  25. 59-10-1003 · Tax credit for tax paid by individual to another state
  26. 59-10-1004 · Tax credit for cash contributions to sheltered workshops
  27. 59-10-1005 · Tax credit for at-home parent
  28. 59-10-1006 · Historic preservation tax credit
  29. 59-10-1007 · Recycling market development zones tax credits
  30. 59-10-1010 · Utah low-income housing tax credit
  31. 59-10-1012 · Tax credits for research activities conducted in the state…
  32. 59-10-1014 · Nonrefundable clean energy systems tax credits --…
  33. 59-10-1015 · Definitions -- Tax credit for live organ donation expenses…
  34. 59-10-1017 · Utah Educational Savings Plan tax credit
  35. 59-10-1018 · Definitions -- Nonrefundable taxpayer tax credits
  36. 59-10-1019 · Definitions -- Nonrefundable retirement tax credit
  37. 59-10-1020 · Nonrefundable estate or trust tax credit
  38. 59-10-1022 · Nonrefundable tax credit for capital gain transactions
  39. 59-10-1023 · Nonrefundable tax credit for amounts paid under a health…
  40. 59-10-1025 · Nonrefundable tax credit for investment in certain life…
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