63H-1-703. Authority report.
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/ut/title-63h/chapter-1/63h-1-703A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 3/22/2021
63H-1-703. Authority report.
(a)On or before November 1 of each year, the authority shall prepare and file a report with the county auditor of each county in which a project area of the authority is located, the State Tax Commission, the State Board of Education, and each taxing entity that levies a tax on property from which the authority collects property tax allocation.
(b)The requirement of Subsection (1)(a) to file a copy of the report with the state as a taxing entity is met if the authority files a copy with the State Tax Commission.
(2)Each report under Subsection
(1)shall contain:
(a)an estimate of the property tax allocation to be paid to the authority for the calendar year ending December 31; and
(b)an estimate of the property tax allocation to be paid to the authority for the calendar year beginning the next January 1.
Amended by Chapter 414 , 2021 General Session