2006 Utah Code - 17A-3-404 — Establishment of improvement district -- Tax levy -- Parking and business improvement fund.

     17A-3-404.   Establishment of improvement district -- Tax levy -- Parking and business improvement fund.
     (1) A county or a municipality may establish a parking and business improvement district for the purpose of general promotion of business activities within the district which may include, but not be limited to, promotion of general business activities within the district, for the benefit of the businesses assessed within the district, which may include, but not be limited to, providing free off-street parking.
     (2) A county or a municipality which has established a parking and business improvement district may levy a tax on businesses within said district which is in addition to all other taxes levied upon businesses, and shall not be limited by levy limitations imposed upon counties or municipalities by law. Such tax shall be levied and collected as the governing authority shall determine and shall constitute a special fund to be known as the parking and business improvement fund. All tax monies received from the tax authorized hereunder shall be deposited in the county or municipal treasury to the credit of the parking and business improvement fund and shall be used for no other purpose other than operation and expenses of the district.

Renumbered and Amended by Chapter 186, 1990 General Session