Section 59-7-538 - Carry forward of expired or repealed tax credit(1) Except as provided in Subsection (2), when a nonrefundable corporate income tax credit under Part 6, Credits, expires or is repealed, the commission shall allow a taxpayer to carry forward any amount of the tax credit that remains for the period of time described in the tax credit for the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).Amended by Chapter 413, 2024 General Session ,§ 8, eff. 5/1/2024.Added by Chapter 258, 2022 General Session ,§ 1, eff. 3/23/2022.