Utah SB0315 modifies tax credits for donations to the Carson Smith Opportunity Scholarship Program, allowing carry-forward and carry-back of.

Utah SB0315 modifies tax credits for donations to the Carson Smith Opportunity Scholarship Program. It allows claimants to claim any portion of the tax credit listed on the tax credit certificate for a taxable year. If any amount of a tax credit is unclaimed for a taxable year, the claimant may carry forward or carry back the unclaimed amount. The bill also makes technical changes and has retrospective operation for taxable years beginning on or after January 1, 2026.

Utah SB0315 modifies tax credits for donations to the Carson Smith Opportunity Scholarship Program, allowing carry-forward and carry-back of.

Utah SB0315 modifies tax credits for donations to the Carson Smith Opportunity Scholarship Program. It allows claimants to claim any portion of the tax credit listed on the tax credit certificate for a taxable year. If any amount of a tax credit is unclaimed for a taxable year, the claimant may carry forward or carry back the unclaimed amount. The bill also makes technical changes and has retrospective operation for taxable years beginning on or after January 1, 2026.