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Section 1103 - Tax credit for pass-through entity taxpayer.

UT Code § 59-10-1103 (2019) (N/A)
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(1) As used in this section: (a) "Pass-through entity" is as defined in Section 59-10-1402. (b) "Pass-through entity taxpayer" is as defined in Section 59-10-1402.

(a) "Pass-through entity" is as defined in Section 59-10-1402.

(b) "Pass-through entity taxpayer" is as defined in Section 59-10-1402.

(2) A pass-through entity taxpayer may claim a refundable tax credit against the tax otherwise due under this chapter if that pass-through entity taxpayer is a: (a) claimant; (b) estate; or (c) trust.

(a) claimant;

(b) estate; or

(c) trust.

(3) The tax credit described in Subsection (2) is equal to the amount paid or withheld by the pass-through entity on behalf of the pass-through entity taxpayer described in Subsection (2) in accordance with Section 59-10-1403.2.

(4) A pass-through entity taxpayer may not claim a tax credit under this section for an amount for which the pass-through entity taxpayer claims a tax credit under Section 59-7-614.4.

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