Utah § 17C-1-1005 Agency property tax levy -- Budget -- Accounting for property tax revenue.

Utah Statutes

§ 17C-1-1005 — Agency property tax levy -- Budget -- Accounting for property tax revenue.

Utah § 17C-1-1005

Title 17CLimited Purpose Local Government Entities - Community Reinvestment Agency Act

Ch. 17C-1Agency Operations

Part 17C-1-10Agency Taxing Authority

This text of Utah § 17C-1-1005 (Agency property tax levy -- Budget -- Accounting for property tax revenue.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 17C-1-1005 (2026).

Text

(1)(1)(a) Each agency that levies and collects property tax under this part shall levy and collect the property tax in accordance with Title 59, Chapter 2, Property Tax Act.

(1)(b) Except as provided in Subsection (1)(c), an agency, at a regular meeting or special meeting called for that purpose, shall, by resolution, set the property tax rate by the date described in Section 59-2-912.

(1)(c) An agency may set the rate described in Subsection (1)(b) at an appropriate later date in accordance with Sections 59-2-919 through 59-2-923.

(2)(2)(a) An agency shall include in the agency's budget any project area incremental revenue transferred by an eligible taxing entity under this part.

(2)(b) The amount of project area incremental revenue described in Subsection (2)(a) plus the ad valorem pro

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(1) (1)(a) Each agency that levies and collects property tax under this part shall levy and collect the property tax in accordance with Title 59, Chapter 2, Property Tax Act.
(1)(b) Except as provided in Subsection (1)(c), an agency, at a regular meeting or special meeting called for that purpose, shall, by resolution, set the property tax rate by the date described in Section 59-2-912.
(1)(c) An agency may set the rate described in Subsection (1)(b) at an appropriate later date in accordance with Sections 59-2-919 through 59-2-923.
(2) (2)(a) An agency shall include in the agency's budget any project area incremental revenue transferred by an eligible taxing entity under this part.
(2)(b) The amount of project area incremental revenue described in Subsection (2)(a) plus the ad valorem property tax revenue that the agency budgeted for the prior year shall constitute the basis for determining the property tax levy that the agency sets for the corresponding tax year.
(3) (3)(a) An agency shall create a property tax revenue fund and separately account for property tax revenue generated under this part.
(3)(b) An agency shall include revenue and expenditures of the property tax revenue fund described in Subsection (3)(a) in the annual budget adopted in accordance with Section 17C-1-601.5.