Utah § 59-10-1045 - Nonrefundable tax credit for taxes paid by pass-through entity.

Full text of Utah Utah Code § 59-10-1045 — Nonrefundable tax credit for taxes paid by pass-through entity., with citation guidance and answers to common questions.

§ 59-10-1045. Nonrefundable tax credit for taxes paid by pass-through entity.

Effective 1/1/2025
59-10-1045.  Nonrefundable tax credit for taxes paid by pass-through entity.
(1)As used in this section, "taxed pass-through entity taxpayer" means a resident or nonresident individual who:
(a)has income attributed to the individual by a pass-through entity;
(b)receives the income described in Subsection (1)(a) after the pass-through entity pays the tax described in Subsection 59-10-1403.2(2); and
(c)adds the amount of tax paid on the income described in Subsection (1)(a) to adjusted gross income in accordance with Subsection 59-10-114(1)(i).
(2)
(a)A taxed pass-through entity taxpayer may claim a nonrefundable tax credit for the taxes imposed under Subsection 59-10-1403.2(2).
(b)The tax credit is equal to the amount of the tax paid under Subsection 59-10-1403.2(2) by the pass-through entity on the income attributed to the taxed pass-through entity taxpayer.
(3)
(a)A taxed pass-through entity taxpayer may carry forward the amount of the tax credit that exceeds the taxed pass-through entity taxpayer's tax liability for a period that does not exceed the next ten taxable years.
(b)A taxed pass-through entity taxpayer may not carry back the amount of the tax credit that exceeds the taxed pass-through entity taxpayer's tax liability for the taxable year.


Amended by Chapter 182, 2025 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 59-10-1045

What does Utah Code § 59-10-1045 cover?

Section 59-10-1045 ("Nonrefundable tax credit for taxes paid by pass-through entity.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 59-10-1045?

A common citation format is "Utah Code § 59-10-1045" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 59-10-1045 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

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