59-10-1002.2 - Apportionment of tax credits.
59-10-1002.2. Apportionment of tax credits.
(1) A nonresident individual or a part-year resident individual that claims a tax credit inaccordance with Section 59-10-1017, 59-10-1018, 59-10-1019, 59-10-1021, 59-10-1022,59-10-1023, or 59-10-1024, may only claim an apportioned amount of the tax credit equal to:
(a) for a nonresident individual, the product of:
(i) the state income tax percentage for the nonresident individual; and
(ii) the amount of the tax credit that the nonresident individual would have been allowedto claim but for the apportionment requirements of this section; or
(b) for a part-year resident individual, the product of:
(i) the state income tax percentage for the part-year resident individual; and
(ii) the amount of the tax credit that the part-year resident individual would have beenallowed to claim but for the apportionment requirements of this section.
(2) A nonresident estate or trust that claims a tax credit in accordance with Section59-10-1017, 59-10-1020, 59-10-1022, or 59-10-1024, may only claim an apportioned amount ofthe tax credit equal to the product of:
(a) the state income tax percentage for the nonresident estate or trust; and
(b) the amount of the tax credit that the nonresident estate or trust would have beenallowed to claim but for the apportionment requirements of this section.
Renumbered and Amended by Chapter 389, 2008 General Session