§ 11-58-600.5 — Definitions.

As used in this part:
(1) "General differential" means property tax differential generated by a property tax levied:

(1)(a) on property that is not part of the authority jurisdictional land or within a remediation project area; and
(1)(b) by all taxing entities.
(2) "Nonmunicipal differential" means property tax differential generated from a property tax imposed:

(2)(a) on property that is part of the authority jurisdictional land; and
(2)(b) by all taxing entities other than the primary municipality.
(3) "Primary municipality" means the municipality that has more authority jurisdictional land within the municipality's boundary than is included within the boundary of any other municipality.
(4) "Primary municipality differential" means property tax differential generated by a property tax levied:

(4)(a) on property in the reduced area; and
(4)(b) by the primary municipality.
(5) "Primary municipality's agency" means the community development and renewal agency created by a primary municipality.
(6) "Reduced area" means the authority jurisdictional land that is within a primary municipality, excluding:

(6)(a) an area described in Subsection 11-58-600.7(1);
(6)(b) a parcel of land described in Subsection 11-58-600.7(2); and
(6)(c) a remediation project area, if a remediation project area is created under Section 11-58-605.

Legislative History

Enacted by Chapter 259, 2023 General Session