Small Employer Retirement Program Credit (code AE)

UC §59-10-1040

If you are a Utah employer of 10 through 19 Utah residents and you offer your employees a retirement plan under 29 U.S.C. §1001, you may claim a $500 nonrefundable tax credit.

This credit is only available for a plan first offered in 2018.

Note: You may not carry forward or back any credit that is more than your tax liability.