UT SB0315

Donors to the Carson Smith Opportunity Scholarship Program may claim any portion of their nonrefundable tax credit certificate amount in a given taxable year, rather than the full 100%

Unclaimed tax credit amounts may be carried forward for up to three taxable years or carried back to the previous taxable year

Applies to both corporate income tax credits (Section 59-7-625) and individual income tax credits (Section 59-10-1041)

Taxpayers cannot claim the credit if they also claim the donation as an itemized deduction on their federal income tax return

Takes effect May 6, 2026, with retrospective operation for taxable years beginning on or after January 1, 2026