Form Tc-41 - Fiduciary Income Tax - 2012 Page 17
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312012 Utah Fiduciary Income Tax
Page 15
than the tax liability for the year, you may carry over the
(25) Combat Related Death Tax Credit
excess credit to the next 14 years and use it to offset
(UC §59-10-1027)
tax until used up. If you are using any remaining credit
If the fi duciary return is being fi led on behalf of a military
in 2012, enter that carryover amount on TC-41A, Part
service member who died as a result of military service
4, using code 13.
in a combat zone, the fi duciary may claim a nonrefund-
able tax credit equal to the amount of the tax liability on
(17) Credit for Income Tax Paid to Another State
the return attributable to the deceased service member
(UC §59-10-1003)
for the year the service member died.
If you are a Utah estate or trust with income that is taxed
by Utah and another state(s), the District of Columbia, or
To qualify for the credit, all of the following conditions
a possession of the United States, you may be entitled to
must be met:
a credit for the tax paid to the other state(s). Nonresident
1. The military service member must have been in an
estates and trusts do not qualify for this credit.
active component or reserve component of the United
States Army, Navy, Air Force, Marine Corps, or Coast
You may only claim credit on the portion of income:
Guard;
1. Taxable in Utah,
2. The combat related death must have occurred on or
2. Taxed also by the other state(s), and
after January 1, 2010;
3. Included in “Column A - Utah” income on form TC-
3. The death must have occurred while the military
41B.
service member was serving in a combat zone, or
Complete and attach form TC-41S, Credit for Fiduciary
be the result of a wound, disease, or injury incurred
Income Tax Paid to Another State. If there are two or
while serving in a combat zone; and
more states, use separate calculations for each state.
4. The service must have been on or after the date
Carry the sum of the credits from TC-41S, line 7 to TC-
declared by the President of the United States by
41A, Part 4, using code 17.
Executive Order as a combat zone, and on or before
such designation is terminated by the President.
Do not use the state income tax withheld from form W-2
as the tax paid to the other state. You must complete and
If the return is being fi led for only the deceased service
fi le the other state’s return to determine the tax amount
member, the credit is equal to the tax liability shown on line
paid. You may have to provide additional information
22. Enter this amount on TC-41A, Part 4, using code 25.
later to verify this credit.
If the return is being fi led for more than just the deceased
Note: Any credit that is more than the tax liability may
service member, see instructions at incometax.utah.
not be carried back or forward.
gov/credits/combat.
Keep a signed copy of the other state’s return and all
(27) Veteran Employment Tax Credit
related documents with your records.
(UC §59-10-1031)
A non-refundable credit is available to taxpayers who
(21) Renewable Residential Energy Systems Tax
hire a qualifi ed recently deployed veteran on or after
Credit (UC §59-10-1014)
January 1, 2012.
This credit is for reasonable costs, including installation,
of a residential energy system that supplies energy to a
A qualifi ed recently deployed veteran is an individual
Utah residential unit. Additional residential energy sys-
who was mobilized to active federal military service in an
tems or parts may be claimed in following years as long
active or reserve component of the United States Armed
as the total amount claimed does not exceed $2,000 per
Forces, and received an honorable or general discharge
residential unit. If the residence is sold to a non-business
within the two-year period before the employment begins.
entity before claiming the tax credit, you may irrevocably
To qualify for the credit, the qualifi ed veteran must meet
transfer the right to the tax credit to the new owner. The
all of the following conditions:
principal portion of system’s lease payments may qualify
1. Have received an honorable or general discharge
for the credit if the lessor irrevocably transfers the right to
within the two-year period before the employment
the tax credit to the new owner.
begins;
Get form TC-40E, Renewable Residential and Commer-
2. Was collecting or was eligible to collect unemploy-
cial Energy Systems Tax Credits from the Utah Offi ce
ment benefi ts, or has exhausted their unemployment
of Energy Development with their certifi cation stamp,
benefi ts within the last two years, under Title 35A,
verifying the credit is approved and showing the amount
Chapter 4, Part 4, Benefi ts and Eligibility;
of the approved credit. Do not send form TC-40E with
3. Work for the taxpayer for at least 35 hours per week
your return. Keep the form and all related documents
for not less than 45 of the next 52 weeks following
with your records.
the veteran’s employment start date.
Note: Any credit that is more than the tax liability may
The credit is claimed beginning in the year the 45 con-
be carried forward for the next four years.
secutive weeks in paragraph 3 above are met.
For more information, contact:
Utah Offi ce of Energy Development (OED)
PO Box 144845
Salt Lake City, UT 84114-4845
801-538-8718
energy.utah.gov
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