Utah § 17C-1-404 Tax increment under a post-June 30, 1993, project area plan.

Utah Statutes

§ 17C-1-404 — Tax increment under a post-June 30, 1993, project area plan.

Utah·Title 17C Limited Purpose Local Government Entities - Community Reinvestment Agency Act·Ch. 17C-1 Agency Operations·Part 17C-1-4 Project Area Funds

(1)This section applies to tax increment under a post-June 30, 1993, project area plan adopted before May 1, 2006, only.

(2)A board may provide in the project area budget for the agency to be paid:

(2)(a) if 20% of the project area budget is allocated for housing under Section 17C-2-203:

(2)(a)(i) 100% of annual tax increment for 15 years;

(2)(a)(ii) 75% of annual tax increment for 24 years; or

(2)(a)(iii) if approved by the taxing entity committee, any percentage of tax increment up to 100%, or any specified dollar amount, for any period of time; or

(2)(b) if 20% of the project area budget is not allocated for housing under Section 17C-2-203:

(2)(b)(i) 100% of annual tax increment for 12 years;

(2)(b)(ii) 75% of annual tax increment for 20 years; or

(2)(b)(iii) if approved by the taxin

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(1) This section applies to tax increment under a post-June 30, 1993, project area plan adopted before May 1, 2006, only.
(2) A board may provide in the project area budget for the agency to be paid:

(2)(a) if 20% of the project area budget is allocated for housing under Section 17C-2-203:
(2)(a)(i) 100% of annual tax increment for 15 years;
(2)(a)(ii) 75% of annual tax increment for 24 years; or
(2)(a)(iii) if approved by the taxing entity committee, any percentage of tax increment up to 100%, or any specified dollar amount, for any period of time; or
(2)(b) if 20% of the project area budget is not allocated for housing under Section 17C-2-203:
(2)(b)(i) 100% of annual tax increment for 12 years;
(2)(b)(ii) 75% of annual tax increment for 20 years; or
(2)(b)(iii) if approved by the taxing entity committee, any percentage of tax increment up to 100%, or any specified dollar amount, for any period of time.

Utah § 17C-1-404 (Tax increment under a post-June 30, 1993, project area plan.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.