Is the Utah Taxpayer Tax Credit really a tax credit?

[KiaraE]

Yes, with the Utah Taxpayer Tax Credit you may be allowed a credit against your Utah tax based on the total of your Utah exemptions and adjusted federal itemized deductions or standard deduction. The credit phases out for incomes over a specific amount, based on your filing status.

This credit is calculated in two parts:

1. The initial credit is 6 percent of the total of your Utah personal exemption amount plus your federal standard or itemized deduction amount.
2. The initial credit is then subject to a phase-out when income exceeds certain limits set by law.

From: https://incometax.utah.gov/credits/taxpayer-tax-credit