63N-3-1710. Allowable local sales and use tax increment within a major sporting event venue zone.

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

Effective 1/1/2026

(a)A major sporting event venue zone proposal may, in consultation with the State Tax Commission:

(i)propose a sales and use tax boundary as described in Subsection (2);

(ii)propose a local sales and use tax base year and collection period to calculate and transfer the local sales and use tax increment within the major sporting event venue zone, which sales and use tax base year is established prospectively, 90 days after the date of the notice described in Subsection (5); and

(iii)propose the percentage of local sales and use tax increment to be captured by the creating entity.

(b)A creating entity may only propose one local sales and use tax increment period for a major sporting event venue zone established under this section.

(a)The creating entity, in consultation with the State Tax Commission, shall propose a sales and use tax boundary that:

(i)is based on sales and use tax collection boundaries, which are determined using the ZIP Code as defined in Section 59-12-102 , including the four digit delivery route extension;

(ii)follows as closely as reasonably practicable the boundary of the major sporting event venue zone; and

(iii)is one contiguous area that includes at least the entire boundary of the major sporting event venue zone.

(b)If a sales and use tax boundary is bisected by the boundary of the major sporting event venue zone, the major sporting event venue zone may include the entire sales and use tax boundary.

(3)Subject to the requirements of Subsection

(2), the committee may modify a proposed sales and use tax boundary before approving a major sporting event venue zone proposal.

(4)A major sporting event venue zone sales and use tax boundary, as approved by the committee, is the qualified development zone for purposes of the calculations in Sections 59-12-103 and 59-12-205 .

(5)Once a creating entity notifies the State Tax Commission that the maximum amount of local sales and use tax increment has been distributed to the creating entity, as approved by the committee pursuant to Section 63N-3-1707 , the State Tax Commission is no longer obligated to distribute local sales and use tax increment to the creating entity.

(6)The establishment of a sales and use tax base year and the requirement to transfer incremental sales tax revenue shall take effect:

(a)on the first day of a calendar quarter; and

(b)after a 90-day waiting period, beginning on the date the State Tax Commission receives notice.

Enacted by Chapter 495 , 2025 General Session