17C-1-301.5. Agency property exempt from taxation -- Exception.
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/ut/title-17c/chapter-1/17c-1-301-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/10/2016
17C-1-301.5. Agency property exempt from taxation -- Exception.
(1)Agency property acquired or held for purposes of this title is public property used for essential public and governmental purposes and, subject to Subsection
(2), is exempt from taxation by a taxing entity.
(2)The exemption in Subsection
(1)does not apply to property that the agency leases to a lessee unless the lessee is entitled to a tax exemption with respect to the property.
Renumbered and Amended by Chapter 350 , 2016 General Session