Utah § 63N-2-510 Report by office -- Posting of report.

Utah Statutes

§ 63N-2-510 — Report by office -- Posting of report.

Utah § 63N-2-510

Title 63NEconomic Opportunity Act

Ch. 63N-2Tax Credit Incentives for Economic Development

Part 63N-2-5New Convention Facility Development Incentives

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Bluebook

Utah Code Ann. § 63N-2-510 (2026).

Text

7/1/2026

(1)The office shall include the following information in the office's annual written report described in Section 63N-1a-306:

(1)(a) the state's success in attracting new conventions and corresponding new state revenue;

(1)(b) the estimated amount of convention incentive commitments and the associated calculation made by the office and the period of time over which convention incentives are expected to be paid;

(1)(c) the economic impact on the state related to generating new state revenue and providing convention incentives; and

(1)(d) the estimated and actual costs and economic benefits of the convention incentive commitments that the office made.

(2)Upon the commencement of the construction of a qualified hotel, the office shall send a written notice to the Division of Finance

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7/1/2026
(1) The office shall include the following information in the office's annual written report described in Section 63N-1a-306:
(1)(a) the state's success in attracting new conventions and corresponding new state revenue;
(1)(b) the estimated amount of convention incentive commitments and the associated calculation made by the office and the period of time over which convention incentives are expected to be paid;
(1)(c) the economic impact on the state related to generating new state revenue and providing convention incentives; and
(1)(d) the estimated and actual costs and economic benefits of the convention incentive commitments that the office made.
(2) Upon the commencement of the construction of a qualified hotel, the office shall send a written notice to the Division of Finance notifying the Division of Finance that construction on the qualified hotel has begun.