Utah § 11-58-606 Distribution of property tax differential.

Utah Statutes

§ 11-58-606 — Distribution of property tax differential.

Utah·Title 11 Cities, Counties, and Local Taxing Units·Ch. 11-58 Utah Inland Port Authority Act·Part 11-58-6 Property Tax Differential

(1)A county that collects property tax on property within a project area shall, in the manner and at the time provided in Section 59-2-1365:

(1)(a) pay and distribute to the authority the property tax differential that the authority is entitled to be paid under this chapter; and

(1)(b) pay and distribute to the primary municipality the primary municipality differential described in Subsection 11-58-604(2)(c).

(2)The authority shall pay to the primary municipality's agency, to be used for affordable housing as provided in Section 17C-1-412, 10% of all property tax differential that is:

(2)(a) paid to the authority; and

(2)(b) generated within the reduced area.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) A county that collects property tax on property within a project area shall, in the manner and at the time provided in Section 59-2-1365:

(1)(a) pay and distribute to the authority the property tax differential that the authority is entitled to be paid under this chapter; and
(1)(b) pay and distribute to the primary municipality the primary municipality differential described in Subsection 11-58-604(2)(c).
(2) The authority shall pay to the primary municipality's agency, to be used for affordable housing as provided in Section 17C-1-412, 10% of all property tax differential that is:

(2)(a) paid to the authority; and
(2)(b) generated within the reduced area.

Utah § 11-58-606 (Distribution of property tax differential.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.