Utah § 17C-1-414 Project area boundaries that divide a tax parcel -- Deletion of parcel from tax increment calculation.

Utah Statutes

§ 17C-1-414 — Project area boundaries that divide a tax parcel -- Deletion of parcel from tax increment calculation.

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)If the boundaries of a project area, as described in the project area plan, include part of a tax parcel and exclude part of the same tax parcel, the agency shall provide the assessor of the county in which the project area is located a metes and bounds description of the part of the tax parcel included within the project area boundaries.

(2)If an agency fails to comply with the requirement of Subsection (1), the assessor of the county in which the tax parcel is located may exclude that parcel from the project area for purposes of calculating tax increment to be paid to the agency until the agency complies with the requirement of Subsection (1).

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

(1) If the boundaries of a project area, as described in the project area plan, include part of a tax parcel and exclude part of the same tax parcel, the agency shall provide the assessor of the county in which the project area is located a metes and bounds description of the part of the tax parcel included within the project area boundaries.
(2) If an agency fails to comply with the requirement of Subsection (1), the assessor of the county in which the tax parcel is located may exclude that parcel from the project area for purposes of calculating tax increment to be paid to the agency until the agency complies with the requirement of Subsection (1).

Utah § 17C-1-414 (Project area boundaries that divide a tax parcel -- Deletion of parcel from tax increment calculation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.