Utah § 59-7-538 - Carry forward of expired or repealed tax credit.
Full text of Utah Utah Code § 59-7-538 — Carry forward of expired or repealed tax credit., with citation guidance and answers to common questions.
§ 59-7-538. Carry forward of expired or repealed tax credit.
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 Carry forward of expired or repealed tax credit.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as provided in Subsection (2), when a nonrefundable corporate income tax credit under Part 6, Credits, expires or is repealed, the commission shall allow a taxpayer to carry forward any amount of the tax credit that remains for the period of time described in the tax credit for the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
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 59-7-538
What does Utah Code § 59-7-538 cover?
Section 59-7-538 ("Carry forward of expired or repealed tax credit.") 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 § 59-7-538?
A common citation format is "Utah Code § 59-7-538" (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 § 59-7-538 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.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Utah.