Tax increment under a post-June 30, 1993, project area plan.
Utah Code § 17C-1-404
in effect17C-1-404. Tax increment under a post-June 30, 1993, project area plan.
(1) This section applies to tax increment under a post-June 30, 1993, project area plan adopted before May 1, 2006, only.
(2) A board may provide in the project area budget for the agency to be paid:
(a) if 20% of the project area budget is allocated for housing under Section 17C-2-203:
(i) 100% of annual tax increment for 15 years;
(ii) 75% of annual tax increment for 24 years; or
(iii) if approved by the taxing entity committee, any percentage of tax increment up to 100%, or any specified dollar amount, for any period of time; or
(b) if 20% of the project area budget is not allocated for housing under Section 17C-2-203:
(i) 100% of annual tax increment for 12 years;
(ii) 75% of annual tax increment for 20 years; or
(iii) if approved by the taxing entity committee, any percentage of tax increment up to 100%, or any specified dollar amount, for any period of time.
Amended by Chapter 350, 2016 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title17C/Chapter1/17C-1-S404.html?v=C17C-1-S404_2016051020160510Fetched: 10/26/2026