S.B. 227

1

INDIVIDUAL INCOME TAX CREDIT FOR
2 CERTAIN POLITICAL CONTRIBUTIONS
3 2001 GENERAL SESSION
4 STATE OF UTAH
5 Sponsor: Bill Wright
6 This act modifies the Revenue and Tax Code to create an individual income tax credit for
7 certain political contributions. This act has retrospective operation for taxable years
8 beginning on or after January 1, 2001.
9 This act affects sections of Utah Code Annotated 1953 as follows:
10 ENACTS:
11 59-10-133, Utah Code Annotated 1953
12 Be it enacted by the Legislature of the state of Utah:
13 Section 1. Section 59-10-133 is enacted to read:
14 59-10-133. Credits for certain political contributions.
15 (1) As used in this section:
16 (a) "Candidate" is as defined in Section 20A-11-101 .
17 (b) "Political action committee" is as defined in Section 20A-11-101 .
18 (c) "Political contribution" means to voluntarily give money to an entity listed in
19 Subsection (2), but does not include an election campaign fund designation under Section
20 59-10-547 .
21 (d) "Political issues committee" is as defined in Section 20A-11-101 .
22 (e) "Political party" is as defined in Section 20A-1-102 .
23 (2) For taxable years beginning on or after January 1, 2001, a taxpayer may claim as
24 provided in this section a nonrefundable credit against the taxes imposed by this chapter for a
25 political contribution made during the taxable year to a:
26 (a) candidate;
27 (b) political action committee;

28 (c) political issues committee; or
29 (d) political party.
30 (3) The credit provided for in Subsection (2) shall be the lesser of:
31 (a) the political contribution made during the taxable year; or
32 (b) (i) $50, for a taxpayer other than a husband and wife filing a joint return; or
33 (ii) $100, for a husband and wife filing a joint return.
34 (4) Notwithstanding Subsection (3), a taxpayer:
35 (a) may only claim the credit provided in Subsection (2) for the taxable year during which
36 the political contribution is made; and
37 (b) may not carry forward or carry back the credit provided in Subsection (2).
38 (5) The taxpayer shall attach a written acknowledgment of the amount of the political
39 contribution that the taxpayer receives from the entity listed in Subsection (2) to any return upon
40 which the taxpayer claims a credit under this section.
41 Section 2. Retrospective operation.
42 This act has retrospective operation for taxable years beginning on or after January 1, 2001.




Legislative Review Note
as of 2-15-01 7:43 AM

A limited legal review of this legislation raises no obvious constitutional or statutory concerns.

Office of Legislative Research and General Counsel