Bill > SB0315

This bill modifies income tax credits for donations to the Carson Smith Opportunity Scholarship Program, which provides scholarships for eligible students to attend private schools. Previously, taxpayers could claim a nonrefundable tax credit for 100% of the donation amount shown on a tax credit certificate. Now, taxpayers can claim a credit for "any portion" of the amount on the certificate, and if any part of the credit is "unclaimed" (meaning it exceeds their tax liability for the year), they can carry forward the unused credit for up to three years or carry it back to the previous year. This change applies to taxable years beginning on or after January 1, 2026, and the bill takes effect on May 6, 2026.

https://le.utah.gov/~2026/bills/static/SB0315.html