59-10-1044. Nonrefundable earned income tax credit.
(1) As used in this section: "Federal earned income tax credit" means the federal earned income tax credit described in Section 32, Internal Revenue Code. "Qualifying claimant" means a resident or nonresident individual who: qualifies for and claims the federal earned income tax credit for the current taxable year; and earns income in Utah that is reported on a W-2 form.
(2) Subject to Section, a qualifying claimant may claim a nonrefundable earned income tax credit equal to the lesser of: 59-10-1002.2 20% of the amount of the federal earned income tax credit that the qualifying claimant was entitled to claim on a federal income tax return for the current taxable year; and the total Utah wages reported on the qualifying claimant's W-2 form for the current taxable year.
(3) A qualifying claimant may not carry forward or carry back the amount of the earned income tax credit that exceeds the qualifying claimant's tax liability.