Form Tc-65 Form Tc-65 Tax Return & Instructions Page 20
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27For more information, contact your city or electrical
2. Start date of employment.
utility provider.
3. Documentation establishing that the veteran was
employed 45 out of the 52 weeks after the date of
(27) Veteran Employment Tax Credit
employment.
(UC §59-7-614.9)
A non-refundable credit is available to taxpayers who
4. Documentation provided by the recently deployed
hire a qualifi ed recently deployed veteran on or after
veteran’s military service unit establishing that the
Jan. 1, 2012.
veteran is a recently deployed veteran.
A qualifi ed recently deployed veteran is an individual
5. A signed statement from the Department of Work-
who was mobilized to active federal military service in
force Services that the recently deployed veteran
an active or reserve component of the United States
was collecting, was eligible to collect, or exhausted
Armed Forces, and received an honorable or general
their unemployment benefi ts within the last two
discharge within the two-year period before the em-
years.
ployment begins.
Refundable Credits Passed-
To qualify for the credit, the qualifi ed veteran must meet
all of the following conditions:
through on Schedule K
1. Received an honorable or general discharge within
Refundable credits on a partnership return are entered
the two-year period before the employment begins;
on Schedule K and then allocated and passed-through
to the partners on Schedule K-1. Refundable credits
2. Was collecting or was eligible to collect unemploy-
may not be claimed on a partnership return.
ment benefi ts, or has exhausted their unemployment
benefi ts within the last two years, under Title 35A,
Chapter 4, Part 4, Benefi ts and Eligibility;
Refundable Credit Codes
3. Work for the taxpayer for at least 35 hours per week
for not less than 45 of the next 52 weeks following
36 Upper-tier Pass-through Entity Withholding Tax
the veteran’s employment start date.
39 Renewable Commercial Energy Systems Credit
(TC-40E)
The credit is claimed beginning in the year the 45 con-
secutive weeks in paragraph 3 above are met.
40 Targeted Business Tax Credit (TC-40TB)
Calculation for Veteran Employment Tax Credit
46 Mineral Production Withholding Tax Credit
First Year Credit (count all months in the year the 45
(TC-675R)
week requirement is met):
47 Agricultural Off-highway Gas/Undyed Diesel Fuel
1. Number of months or partial
_____
Credit
months veteran employed in
48 Farm Operation Hand Tools Credit
fi rst year
2. Monthly credit allowable in
$200
fi rst year
(36) Upper-tier Pass-through
Entity Withholding Tax
3. First year credit – line 1 times
$_____
line 2 (maximum $2,400)
(UC §59-10-1103)
If this partnership has an interest in a partnership,
Second Year Credit:
LLP or LLC (pass-through entity), the other partner-
4. Number of months or partial
_____
ship, LLP or LLC is required to withhold Utah income
months veteran employed in
tax on any income attributable to this partnership. The
second year
pass-through entity must provide a Utah Schedule K-1
showing the amount of Utah withholding paid on behalf
5. Monthly credit allowable in
$400
of this partnership.
second year
This pass-through entity withholding tax is then dis-
6. Second year credit – line 4
$_____
tributed to the partners of this partnership. Complete
times line 5 (maximum $4,800)
TC-250, Part 2, and then enter and allocate the total
Any credit in excess of tax due will not be refunded, but
upper-tier (previous) pass-through entity withholding
may be carried forward to offset tax for up to fi ve years.
tax using code 36.
The following documentation for the qualifi ed recently
Do not include the Utah Schedule K-1 the partnership
deployed veteran must be retained by the taxpayer to
received showing this credit when fi ling this partner-
support the credit claimed, and made available to the
ship’s return.
Tax Commission upon request:
1. Veteran’s name, last known address, and taxpayer
identifi cation or social security number.
Page 18
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