Utah Code § 59-10-1002.2

Current with legislation effective through 5/2/2024

Section 59-10-1002.2 - Apportionment of tax credits

(1) A nonresident individual or a part-year resident individual that claims a tax credit in accordance with Section 59-10-1017, 59-10-1018, 59-10-1019, 59-10-1022, 59-10-1023, 59-10-1024, 59-10-1028, 59-10-1042, 59-10-1043, 59-10-1044 , or 59-10-1046 may only claim an apportioned amount of the tax credit equal to:

(a) for a nonresident individual, the product of:

(i) the state income tax percentage for the nonresident individual; and

(ii) the amount of the tax credit that the nonresident individual would have been allowed to claim but for the apportionment requirements of this section; or

(b) for a part-year resident individual, the product of:

(i) the state income tax percentage for the part-year resident individual; and

(ii) the amount of the tax credit that the part-year resident individual would have been allowed to claim but for the apportionment requirements of this section.

(2) A nonresident estate or trust that claims a tax credit in accordance with Section 59-10-1017, 59-10-1020, 59-10-1022, 59-10-1024, or 59-10-1028 may only claim an apportioned amount of the tax credit equal to the product of:

(a) the state income tax percentage for the nonresident estate or trust; and

(b) the amount of the tax credit that the nonresident estate or trust would have been allowed to claim but for the apportionment requirements of this section.

Utah Code § 59-10-1002.2

Amended by Chapter 462, 2023 General Session ,§ 1, eff. 1/1/2024.

Amended by Chapter 460, 2023 General Session ,§ 3, eff. 5/3/2023, , retrospective operation for a taxable year beginning on or after January 1, 2023.

Amended by Chapter 12, 2022 General Session ,§ 4, eff. 5/4/2022, retrospective operation to January 1, 2022.

Amended by Chapter 428, 2021 General Session ,§ 1, eff. 5/5/2021, retrospective operation for a taxable year beginning on or after January 1, 2021.

Amended by Chapter 68, 2021 General Session ,§ 1, eff. 5/5/2021, retrospective operation for a taxable year beginning on or after January 1, 2021.

Amended by Chapter 263, 2016 General Session ,§ 4, eff. 1/1/2017.

Amended by Chapter 302, 2011 General Session