Contribution to Invest More for Education Account.
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(1) Except as provided in Section 59-10-1304, a resident or nonresident individual that files an individual income tax return under this chapter may designate on the resident or nonresident individual's individual income tax return a contribution as provided in this section to be:
(a) deposited into the Invest More for Education Account; and
(b) expended as provided in Section 53F-9-205.
(2) The commission shall:
(a) determine the total amount of contributions designated in accordance with this section for a taxable year; and
(b) credit the amount described in Subsection (2)(a) to the Invest More for Education Account created in Section 53F-9-205.