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Utah Code — Title 59 (Revenue and Taxation)

Utah Code § 59-7-538

Carry forward of expired or repealed tax credit

Official textle.utah.gov

# (1)

Except as provided in Subsection (2), when a nonrefundable corporate income tax credit under Part 6, Credits, expires or is repealed, the commission shall allow a taxpayer to carry forward any amount of the tax credit that remains for the period of time described in the tax credit for the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 taxpayer first claimed the tax credit.

# (2)

Subsection (1) does not apply to a tax credit described in Subsection 59-7-607(2)(c)(iv).

Last amended: Amended by Chapter 413, 2024 General Session

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In this chapter (40 sections)
  1. 59-7-508 · Audit of returns
  2. 59-7-509 · Failure to file return -- Penalty
  3. 59-7-510 · Deficiency -- Interest
  4. 59-7-511 · Penalty added to underpayments
  5. 59-7-512 · Addition to tax in case of nonpayment
  6. 59-7-513 · Interest when time for payment extended
  7. 59-7-514 · Extension of time to pay deficiency
  8. 59-7-515 · Interest when deficiency extended
  9. 59-7-519 · Period of limitation for making assessments -- Change,…
  10. 59-7-522 · Overpayments
  11. 59-7-528 · Failure to make return or supply information -- Penalty
  12. 59-7-529 · General violations and penalties
  13. 59-7-530 · Power to waive penalties or interest
  14. 59-7-531 · Venue of offenses -- Evidence
  15. 59-7-532 · Revenue received by commission -- Deposit with state…
  16. 59-7-533 · Interest on overpayments
  17. 59-7-534 · Failure to pay tax -- Suspension or forfeiture of corporate…
  18. 59-7-535 · Doing business after suspension or forfeiture of certain…
  19. 59-7-536 · Relief in case of suspension or forfeiture
  20. 59-7-537 · Confidentiality of information
  21. 59-7-538 · Carry forward of expired or repealed tax credit
  22. 59-7-601 · Credit of interest income from state and federal securities
  23. 59-7-607 · Utah low-income housing tax credit
  24. 59-7-609 · Historic preservation credit
  25. 59-7-610 · Recycling market development zones tax credits
  26. 59-7-612 · Tax credits for research activities conducted in the state…
  27. 59-7-614 · Clean energy systems tax credits -- Definitions --…
  28. 59-7-614.1 · Refundable tax credit for hand tools used in farming…
  29. 59-7-614.2 · Refundable economic development tax credit
  30. 59-7-614.4 · Tax credit for pass-through entity taxpayer
  31. 59-7-614.5 · Refundable motion picture tax credit
  32. 59-7-614.10 · Nonrefundable enterprise zone tax credit
  33. 59-7-618.1 · Tax credit related to alternative fuel heavy duty vehicles
  34. 59-7-619 · Nonrefundable high cost infrastructure development tax credit
  35. 59-7-621 · Nonrefundable rural job creation tax credit
  36. 59-7-623 · Nonrefundable guaranty association assessment tax credit
  37. 59-7-625 · Nonrefundable tax credit for a donation to the Carson Smith…
  38. 59-7-626 · Refundable tax credit for nonrenewable hydrogen production…
  39. 59-7-627 · Nonrefundable tax credits for employer-provided child care
  40. 59-7-701 · Taxation of S corporations
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