63N-2-202. Definitions.
As used in this part:
(1) "Business entity" means an entity, sole proprietorship, or individual: including a claimant, estate, or trust; and under which or by whom business is conducted or transacted.
(2) "Claimant" means a resident or nonresident person that has: Utah taxable income as defined in Section; or 59-7-101 state taxable income under. Title 59, Chapter 10, Part 1, Determination and Reporting of Tax Liability and Information
(3) "County applicant" means the governing authority of a county that meets the requirements for designation as an enterprise zone under Section. 63N-2-204
(4) "Estate" means a nonresident estate or a resident estate that has state taxable income under. Title 59, Chapter 10, Part 2, Trusts and Estates
(5) "Municipal applicant" means the governing authority of a city or town that meets the requirements for designation as an enterprise zone under Section. 63N-2-204
(6) "Nonrefundable tax credit" or "tax credit" means a tax credit that a business entity may: claim: as provided by statute; and in an amount that does not exceed the business entity's tax liability for a taxable year under:; or Title 59, Chapter 7, Corporate Franchise and Income Taxes; and Title 59, Chapter 10, Individual Income Tax Act carry forward or carry back: if allowed by statute; and to the extent that the amount of the tax credit exceeds the business entity's tax liability for a taxable year under:; or Title 59, Chapter 7, Corporate Franchise and Income Taxes. Title 59, Chapter 10, Individual Income Tax Act
(7) "Tax incentives" or "tax benefits" means the nonrefundable tax credits described in Section. 63N-2-213
(8) "Trust" means a nonresident trust or a resident trust that has state taxable income under. Title 59, Chapter 10, Part 2, Trusts and Estates