2006 Utah Code - 59-10-550.1 — Contribution to Wolf Depredation and Management Restricted Account.

     59-10-550.1.   Contribution to Wolf Depredation and Management Restricted Account.
     (1) Except as provided in Section 59-10-551, for taxable years beginning on or after January 1, 2004, a resident or nonresident individual that files an individual income tax return under this chapter may designate on the resident or nonresident individual's individual income tax return a contribution as provided in this section to be:
     (a) deposited into the Wolf Depredation and Management Restricted Account created by Section 23-14-14.1; and
     (b) used for the purposes described in Section 23-14-14.1.
     (2) (a) A resident or nonresident individual may designate as a contribution under this section any whole dollar amount of $1 or more.
     (b) If a resident or nonresident individual designating a contribution under this section:
     (i) is owed an individual income tax refund for the taxable year, the amount of the contribution under this section shall be deducted from the resident or nonresident individual's individual income tax refund; or
     (ii) is not owed an individual income tax refund for the taxable year, the resident or nonresident individual may remit a contribution under this section with the resident or nonresident individual's individual income tax return.
     (c) If a husband and wife file a single individual income tax return jointly, a contribution under this section shall be a joint contribution.
     (d) A contribution under this section is irrevocable for the taxable year for which the resident or nonresident individual makes the contribution.
     (3) The commission shall:
     (a) determine annually the total amount of contributions designated in accordance with this section; and
     (b) credit the amount described in Subsection (3)(a) to the Wolf Depredation and Management Restricted Account created by Section 23-14-14.1.

Enacted by Chapter 162, 2003 General Session