Utah Statutes
§ 63M-5-201 — Prepayment of ad valorem property taxes on natural resources or industrial facility.
The developer also may prepay, with the consent of the governing bodies of the units of local government affected, to the county treasurer, or to other persons authorized by the governing body of a unit of local government under Section 63M-5-306, a portion of the ad valorem property taxes which the developer anticipates will be imposed by the unit of local government under Title 59, Chapter 2, Part 9, Levies, in connection with the natural resources or industrial facility. Ad valorem property taxes prepaid under this chapter may not act as an abatement of the ad valorem property tax but rather shall be construed as a prepayment for which, notwithstanding Section 59-2-1321 or any statute of limitations to the contrary, a credit will be given the developer making the prepayment at the time
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Utah § 63M-5-201 (Prepayment of ad valorem property taxes on natural resources or industrial facility.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Renumbered and Amended by Chapter 382, 2008 General Session
Nearby Sections
15
§ 63M-11-101
Title.§ 63M-11-102
Creation -- Purpose.§ 63M-11-103
Definitions.§ 63M-11-201
Composition -- Appointments -- Terms -- Removal.§ 63M-11-203
Duties and powers of commission.§ 63M-11-204
Annual report by the commission.§ 63M-11-205
Appointment of chair -- Meetings.§ 63M-14-101
Title.§ 63M-14-102
Definitions.§ 63M-14-103
Scope of chapter.§ 63M-14-201
Authority created.