Section 59-10-1002 - DefinitionsAs used in this part:
(1)(a) Except as provided in Subsection (1)(b) or Subsection 59-10-1003(2), "claimant" means a resident or nonresident person that has state taxable income.(b) "Claimant" does not include an estate or trust.(2) Except as provided in Subsection 59-10-1003(2), "estate" means a nonresident estate or a resident estate that has state taxable income.(3) "Nonrefundable tax credit" or "tax credit" means a tax credit that a claimant, estate, or trust may: (a) claim: (i) as provided by statute; and(ii) in an amount that does not exceed the claimant's, estate's, or trust's tax liability under this chapter for a taxable year; and(b) carry forward or carry back:(i) if allowed by statute; and(ii) unless otherwise provided in statute, to the extent that the amount of the tax credit exceeds the claimant's, estate's, or trust's tax liability under this chapter for a taxable year.(4) Except as provided in Subsection 59-10-1003(2), "trust" means a nonresident trust or a resident trust that has state taxable income.Amended by Chapter 82, 2020 General Session ,§ 2, eff. 5/12/2020(retroactive to 1/1/2019).Amended by Chapter 2, 2006 Special Session 4