Utah Code Title 59. Revenue and Taxation § 59-2-1209. Amount of renter's credit--Cost-of-living adjustment--Renter's credit may be claimed only for gross rent that does not constitute a rental assistance payment--Calculation of credit when rent includes utilities--Limitation--General Fund as source of credit--Maximum credit

(1)(a) Subject to Subsections (2) and (3), for a calendar year beginning on or after January 1, 2021, a claimant may claim a renter's credit for the previous calendar year that does not exceed the following amounts:

(b) For a calendar year beginning on or after January 1, 2022, the commission shall increase or decrease the household income eligibility amounts under Subsection (1)(a) by a percentage equal to the percentage difference between the Consumer Price Index housing for the preceding calendar year and the Consumer Price Index housing for calendar year 2020.

(a) 7% of rent if the rent includes electricity or natural gas but not both; or

(b) 13% of rent if the rent includes both electricity and natural gas.

(a) claimed as a personal exemption on another individual's federal income tax return during any portion of a calendar year for which the individual seeks to claim the renter's credit under this section; or

(b) a dependent with respect to whom another individual claims a tax credit under Section 24(h)(4), Internal Revenue Code, during any portion of a calendar year for which the individual seeks to claim the renter's credit under this section.