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2025 Utah Code
Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act
Chapter 1 - Agency Operations
Part 6 - Agency Annual Report, Budget, and Audit Requirements
Section 607 - State Tax Commission and county assessor required to account for new growth -- County auditor notification requirements.
Universal Citation:
UT Code § 17C-1-607 (2025)
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Effective 5/7/2025
17C-1-607. State Tax Commission and county assessor required to account for new growth -- County auditor notification requirements.
Upon the expiration of a project area funds collection period:
Amended by Chapter 480, 2025 General Session
17C-1-607. State Tax Commission and county assessor required to account for new growth -- County auditor notification requirements.
Upon the expiration of a project area funds collection period:
- (1)the State Tax Commission and the assessor of each county in which a project area is located shall count as new growth the assessed value of property with respect to which the taxing entity is receiving taxes or increased taxes for the first time; and
- (2)the county auditor shall:
- (a)notify each taxing entity that levies or imposes a tax within the project area of the expiration of the project area funds collection period; and
- (b)provide each taxing entity with the calculation of new growth attributed to the project area.
Amended by Chapter 480, 2025 General Session
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