Utah Statutes
§ 35A-8-414 — Property and funds of authority declared public property -- Exemption from taxes -- Alternative agreement with public body.
Utah·Title 35A Utah Workforce Services Code·Ch. 35A-8 Housing and Community Development Division·Part 35A-8-4 Housing Authorities
(1)The property and funds of an authority are declared to be public property used for essential public, governmental, and charitable purposes.
(2)(2)(a) Subject to Subsections (2)(b) and (c), the property and authority are exempt from all taxes and special assessments of a public body.
(2)(b) This tax exemption does not apply to any portion of a project used for a profit-making enterprise.
(2)(c) In taxing these portions appropriate allowance shall be made for any expenditure by an authority for utilities or other public services it provides to serve the property.
(3)In lieu of taxes on its exempt property an authority may agree to make payments to a public body if the authority finds that making the payments is consistent with the maintenance of the low-rent character of housing projec
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Utah § 35A-8-414 (Property and funds of authority declared public property -- Exemption from taxes -- Alternative agreement with public body.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 278, 2013 General Session
Nearby Sections
15
§ 35A-1-101
Title.§ 35A-1-102
Definitions.§ 35A-1-104
Department authority.§ 35A-1-104.1
Background checks for employees.§ 35A-1-105
Department budget -- Reports from divisions.§ 35A-1-106
Fees.§ 35A-1-109
Annual report -- Content -- Format.§ 35A-1-111
Certification for adoption tax credit.