59-36-202. Analyzing proportionate benefit.
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/ut/title-59/chapter-36/59-36-202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/6/2026
59-36-202. Analyzing proportionate benefit.
In analyzing the proportionate benefit to residents or taxpayers near the project area, a TIF entity shall prepare an estimate, in present value by using an approximated discount rate of the following:
(1)the amount of revenue that will be allocated to any party in the form of tax increment, or bond financing secured by tax increment, each year over the collection time period or 40 years, whichever is greater; and
(2)the amount of revenue expected to be received by each taxing entity each year over 40 years.
Enacted by Chapter 274 , 2026 General Session