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 § 17C-1-404

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

Ch. 17C-1Agency Operations

Part 17C-1-4Project Area Funds

This text of Utah § 17C-1-404 (Tax increment under a post-June 30, 1993, project area plan.) 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-1-404 (2026).

Text

(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.