2006 Utah Code - 59-10-1002 (Superseded 01/01/07) — Definitions.

     59-10-1002 (Superseded 01/01/07).   Definitions.
     As used in this part:
     (1) (a) Except as provided in Subsection (1)(b) or Subsection 59-10-1003(2), "claimant" means a resident or nonresident person that has state taxable income under Part 1, Determination and Reporting of Tax Liability and Information.
     (b) "Claimant" does not include an estate or trust.
     (2) Except as provided in Subsection 59-10-1003(2), "estate" means a nonresident estate or a resident estate that has state taxable income under Part 2, Trusts and Estates.
     (3) "Nonrefundable tax credit" or "tax credit" means a tax credit that a claimant, estate, or trust may:
     (a) claim:
     (i) as provided by statute; and
     (ii) in an amount that does not exceed the claimant's, estate's, or trust's tax liability under this chapter for a taxable year; and
     (b) carry forward or carry back:
     (i) if allowed by statute; and
     (ii) to the extent that the amount of the tax credit exceeds the claimant's, estate's, or trust's tax liability under this chapter for a taxable year.
     (4) Except as provided in Subsection 59-10-1003(2), "trust" means a nonresident trust or a resident trust that has state taxable income under Part 2, Trusts and Estates.

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