11-58-601. General differential and nonmunicipal differential.

483 words·~2 min read·/ut/title-11/chapter-58/11-58-601

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/6/2026

(1)As used in this section:

(a)"Designation order" means a written determination, issued by the executive director, that designates a transition date and a trigger date, which may be the same date, for the parcel specified in the written determination.

(b)"Post-designation parcel" means a parcel within a project area after the transition date for that parcel.

(c)"Pre-designation parcel" means a parcel within a project area before the transition date for that parcel.

(d)"Transition date" means the date indicated in a designation order after which the parcel that is the subject of the designation order is a post-designation parcel.

(e)"Trigger date" means the date indicated in a designation order upon which tax differential payments due to the authority commence.

(2)This section applies to nonmunicipal differential and general differential to be paid to the authority.

(3)The authority shall be paid 75% of nonmunicipal differential generated from a pre-designation parcel that is part of the authority jurisdictional land:

(a)for the period beginning November 2019 and ending the earlier of:

(i)the transition date for that parcel; and

(ii)November 30, 2044; and

(b)for a period of up to 15 years following November 2044 if, before the end of November 2044:

(i)the parcel has not become a post-designation parcel; and

(ii)the board adopts a resolution approving the extension.

(a)As provided in Subsection (4)(b) , the authority shall be paid:

(i)75% of nonmunicipal differential generated from a post-designation parcel that is part of the authority jurisdictional land; and

(ii)up to 75% of general differential, as determined by the board and included in a project area plan adopted or amended under Part 5, Project Area Plan and Budget, generated from a post-designation parcel that is not part of the authority jurisdictional land.

(b)The property tax differential paid under Subsection (4)(a) from a post-designation parcel shall be paid:

(i)for a period of 25 years beginning on the trigger date for that parcel; and

(ii)for a period of up to an additional 15 years beyond the period stated in Subsection (4)(b)(i) if the board determines by resolution that the additional years of nonmunicipal differential or general differential, as the case may be, from that parcel will produce a significant benefit.

(a)For purposes of this section, the authority may designate an improved portion of a parcel in a project area as a separate parcel.

(b)An authority designation of an improved portion of a parcel as a separate parcel under Subsection (5)(a) does not constitute a subdivision, as defined in Section 10-20-102 or Section 17-79-102 .

(c)A county recorder shall assign a separate tax identification number to the improved portion of a parcel designated by the authority as a separate parcel under Subsection (5)(a) .

Amended by Chapter 137 , 2026 General Session