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S.B. 164 Enrolled

                 

INDIVIDUAL INCOME TAX - TAX CREDIT

                 
FOR LIVE ORGAN DONATION EXPENSES

                 
2005 GENERAL SESSION

                 
STATE OF UTAH

                 
Chief Sponsor: Karen Hale

                 
House Sponsor: Ann W. Hardy

                  Ron Allen
                  Patrice M. ArentCurtis S. Bramble
Gene DavisHoward A. Stephenson                  
                  LONG TITLE
                  General Description:
                      This bill modifies the Individual Income Tax Act to provide a nonrefundable individual
                  income tax credit.
                  Highlighted Provisions:
                      This bill:
                      .    provides definitions;
                      .    provides a nonrefundable individual income tax credit for live organ donation
                  expenses incurred during the taxable year for which a live organ donation occurs;
                      .    grants rulemaking authority to the State Tax Commission; and
                      .    makes technical changes.
                  Monies Appropriated in this Bill:
                      None
                  Other Special Clauses:
                      This bill has retrospective operation for taxable years beginning on or after January 1,
                  2005.
                  Utah Code Sections Affected:
                  ENACTS:
                      59-10-134.2, Utah Code Annotated 1953
                 


                  Be it enacted by the Legislature of the state of Utah:
                      Section 1. Section 59-10-134.2 is enacted to read:
                      59-10-134.2. Definitions -- Nonrefundable tax credit for live organ donation
                  expenses -- Rulemaking authority.
                      (1) As used in this section:
                      (a) "human organ" means:
                      (i) human bone marrow; or
                      (ii) any part of a human:
                      (A) intestine;
                      (B) kidney;
                      (C) liver;
                      (D) lung; or
                      (E) pancreas;
                      (b) "live organ donation" means that an individual who is living donates one or more of
                  that individual's human organs:
                      (i) to another human; and
                      (ii) to be transplanted:
                      (A) using a medical procedure; and
                      (B) to the body of the other human; and
                      (c) (i) "live organ donation expenses" means the total amount of expenses:
                      (A) incurred by a taxpayer; and
                      (B) that:
                      (I) are not reimbursed to that taxpayer by any person;
                      (II) are directly related to a live organ donation by:
                      (Aa) the taxpayer; or
                      (Bb) another individual that the taxpayer is allowed to claim as a dependent in
                  accordance with Section 151, Internal Revenue Code; and
                      (III) are for:


                      (Aa) travel;
                      (Bb) lodging; or
                      (Cc) a lost wage; and
                      (ii) in accordance with Title 63, Chapter 46a, Utah Administrative Rulemaking Act, the
                  commission may by rule define "lost wage."
                      (2) For taxable years beginning on or after January 1, 2005, a taxpayer may claim a
                  nonrefundable tax credit:
                      (a) as provided in this section;
                      (b) against taxes otherwise due under this chapter;
                      (c) for live organ donation expenses incurred during the taxable year for which the live
                  organ donation occurs; and
                      (d) in an amount equal to the lesser of:
                      (i) the actual amount of the live organ donation expenses; or
                      (ii) $10,000.
                      (3) If the amount of a tax credit under this section exceeds a taxpayer's tax liability under
                  this chapter for a taxable year, the amount of the tax credit that exceeds the taxpayer's tax liability
                  may be carried forward for a period that does not exceed the next five taxable years.
                      Section 2. Retrospective operation.
                      This bill has retrospective operation for taxable years beginning on or after January 1,
                  2005.


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