Utah § 17C-1-405 Tax increment under a project area plan adopted on or after May 1, 2006.

Utah Statutes

§ 17C-1-405 — Tax increment under a project area plan adopted on or after May 1, 2006.

Utah § 17C-1-405

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-1-405 (Tax increment under a project area plan adopted on or after May 1, 2006.) 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-1-405 (2026).

Text

(1)This section applies to tax increment under a project area plan adopted on or after May 1, 2006, and before May 10, 2016.

(2)Subject to the approval of the taxing entity committee, a board may provide in the urban renewal or economic development project area budget for the agency to be paid:

(2)(a) for an urban renewal project area plan that proposes development of an inactive industrial site or inactive airport site, at least 60% of tax increment for at least 20 years; or

(2)(b) for each other project, any percentage of tax increment up to 100% or any specified dollar amount of tax increment for any period of time.

(3)A resolution or interlocal agreement relating to an agency's use of tax increment for a community development project area plan may provide for the agency to be paid

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(1) This section applies to tax increment under a project area plan adopted on or after May 1, 2006, and before May 10, 2016.
(2) Subject to the approval of the taxing entity committee, a board may provide in the urban renewal or economic development project area budget for the agency to be paid:

(2)(a) for an urban renewal project area plan that proposes development of an inactive industrial site or inactive airport site, at least 60% of tax increment for at least 20 years; or
(2)(b) for each other project, any percentage of tax increment up to 100% or any specified dollar amount of tax increment for any period of time.
(3) A resolution or interlocal agreement relating to an agency's use of tax increment for a community development project area plan may provide for the agency to be paid any percentage of tax increment up to 100% or any specified dollar amount of tax increment for any period of time.