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, 2024, a claimant may claim a renter's credit for the previous calendar year that does not exceed the following amounts: If household income is Percentage of gross rent allowed as a credit $0 -- $13,884 9.5% $13,885 -- $18,515 8.5% $18,516 -- $23,141 7.0% $23,142 -- $27,770 5.5% $27,771 -- $32,401 4.0% $32,402 -- $36,754 3.0% $36,755 -- $40,840 2.5% (b) For a calendar year beginning on or after January 1, 2025, 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 for the preceding calendar year and the consumer price index for calendar year 2023. (2) (a) A claimant may claim a renter's credit under this part only for gross rent that does not constitute a rental assistance payment. (b) For purposes of determining whether a claimant receives a rental assistance payment and in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commission may make rules defining the terms: (i) "governmental entity"; (ii) "charitable organization"; or (iii) "religious organization." (3) For purposes of calculating gross rent when a claimant's rent includes electricity or natural gas and the utility amount is not itemized in the statement provided in accordance with Section 59-2a-204, the commission shall deduct from rent: (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. (4) An individual may not receive the renter's credit under this section if the individual is: (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. (5) A payment for a renter's credit allowed by this section, and authorized by Section 59-2a-202, shall be paid from the General Fund. (6) A credit under this section may not exceed the maximum amount allowed as a homeowner's credit for each income bracket under Section 59-2a-305. Renumbered and Amended by Chapter 172, 2025 General Session
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