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2025 Utah Code
Title 59 - Revenue and Taxation
Chapter 3 - Tax Equivalent Property Act
Section 102 - Definitions.
Universal Citation:
UT Code § 59-3-102 (2025)
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59-3-102. Definitions.
As used in this chapter:
Amended by Chapter 3, 1988 General Session
As used in this chapter:
- (1) "Tax equivalent payment" means a payment required or authorized by statute to be made in lieu of ad valorem taxes on tax exempt property pursuant to a contract entered into under statutory authority and filed with the county assessor of the county in which the property is located.
- (2) "Tax equivalent property" means property on which any tax equivalent payment is made.
Amended by Chapter 3, 1988 General Session
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