Partnertax.ai
Start free trial →

Utah Code — Title 59 (Revenue and Taxation)

Utah Code § 59-7-621

Nonrefundable rural job creation tax credit

Official textle.utah.gov

# (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.

Last amended: Amended by Chapter 343, 2026 General Session

Source: view the official text

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this chapter (40 sections)
  1. 59-7-528 · Failure to make return or supply information -- Penalty
  2. 59-7-529 · General violations and penalties
  3. 59-7-530 · Power to waive penalties or interest
  4. 59-7-531 · Venue of offenses -- Evidence
  5. 59-7-532 · Revenue received by commission -- Deposit with state…
  6. 59-7-533 · Interest on overpayments
  7. 59-7-534 · Failure to pay tax -- Suspension or forfeiture of corporate…
  8. 59-7-535 · Doing business after suspension or forfeiture of certain…
  9. 59-7-536 · Relief in case of suspension or forfeiture
  10. 59-7-537 · Confidentiality of information
  11. 59-7-538 · Carry forward of expired or repealed tax credit
  12. 59-7-601 · Credit of interest income from state and federal securities
  13. 59-7-607 · Utah low-income housing tax credit
  14. 59-7-609 · Historic preservation credit
  15. 59-7-610 · Recycling market development zones tax credits
  16. 59-7-612 · Tax credits for research activities conducted in the state…
  17. 59-7-614 · Clean energy systems tax credits -- Definitions --…
  18. 59-7-614.1 · Refundable tax credit for hand tools used in farming…
  19. 59-7-614.2 · Refundable economic development tax credit
  20. 59-7-614.4 · Tax credit for pass-through entity taxpayer
  21. 59-7-614.5 · Refundable motion picture tax credit
  22. 59-7-614.10 · Nonrefundable enterprise zone tax credit
  23. 59-7-618.1 · Tax credit related to alternative fuel heavy duty vehicles
  24. 59-7-619 · Nonrefundable high cost infrastructure development tax credit
  25. 59-7-621 · Nonrefundable rural job creation tax credit
  26. 59-7-623 · Nonrefundable guaranty association assessment tax credit
  27. 59-7-625 · Nonrefundable tax credit for a donation to the Carson Smith…
  28. 59-7-626 · Refundable tax credit for nonrenewable hydrogen production…
  29. 59-7-627 · Nonrefundable tax credits for employer-provided child care
  30. 59-7-701 · Taxation of S corporations
  31. 59-7-705 · Minimum tax not applicable to an S corporation
  32. 59-7-706 · Distribution and credit of revenues
  33. 59-7-707 · Commission rulemaking authority
  34. 59-7-801 · Definitions
  35. 59-7-802 · Taxation of unrelated business income
  36. 59-7-803 · Filing returns -- Extension
  37. 59-7-804 · Transition rule -- Net loss carryforwards
  38. 59-7-805 · Apportionment provisions
  39. 59-7-902 · Definitions
  40. 59-7-903 · Removal of tax credit from tax return -- Prohibition on…
Full table of contents →