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Major Sporting Event Venue Zone Act

Utah Code tit. 63N, ch. 63N-3, pt. 63N-3-P17
in effect

Utah Code § 63N-3-1701 Definitions.

63N-3-1701. Definitions. As used in this part: (1) "Base taxable value" means the taxable value of land within a qualified development zone as shown upon the assessment roll last equalized during the property tax base year. (2) "Committee" means a major sporting event venue zone committee described in Section 63N-3-1706. (3) "Creating entity" means a municipality or a county. (4) "Impacted primary area" means the land outside a major sporting event venue zone but within one mile of the boundary of the major sporting event venue zone. (5) (a) "Major sporting event venue" means a venue that has been or is proposed to be used for the Olympic Games, as confirmed by the Salt Lake City-Utah Committee for the Games, a site, arena, or facility along with supporting or adjacent structures if the expected expenditures to construct, demolish, reconstruct, modify, upgrade, or expand the site, arena, or facility exceeds $100,000,000. (b) "Major sporting event venue" includes structures where an international competition or professional athletic event is not taking place directly but where media, athletes, spectators, organizers, and officials associated with the international competition or professional athletic event are hosted in direct connection with the international competition or professional athletic event taking place at a location described in Subsection (5)(a). (6) "Major sporting event venue zone" means the land, as described in a proposal to create a major sporting event venue zone or a proposal to amend a major sporting event venue zone, or as approved by a committee for a major sporting event venue zone, upon which there are one or more major sporting event venues. (7) "Major sporting event venue zone revenue" means all the revenue captured by a creating entity for an area described in a major sporting event venue zone and if applicable the secondary project area, including: (a) property tax increment; (b) if applicable, local sales and use tax increment; (c) if applicable, accommodations tax; (d) if applicable, transient room tax; and (e) if applicable, resort communities sales and use tax and additional resort communities sales and use tax. (8) "Property tax base year" means, for each property tax increment collection period triggered within a qualified development zone or a proposed qualified development zone, the calendar year before the calendar year in which the property tax increment begins to be collected for the parcels triggered for that collection period. (9) (a) "Property tax increment" means the difference between: (i) the amount of property tax revenue generated each tax year by a taxing entity within a qualified development zone, or proposed qualified development zone, from which property tax increment is to be collected, using the current assessed value and each taxing entity's current certified tax rate as defined in Section 59-2-924; and (ii) the amount of property tax revenue that would be generated from the area described in Subsection (9)(a)(i) using the base taxable value and each taxing entity's current certified tax rate as defined in Section 59-2-924. (b) "Property tax increment" does not include property tax revenue from a multicounty assessing and collecting levy or a county additional property tax described in Section 59-2-1602. (10) "Proposal" means a document, physical or electronic, developed by a creating entity: (a) outlining the need for a major sporting event venue zone; (b) describing the impacted primary area of a proposed major sporting event venue zone; (c) describing the proposed secondary project area of a proposed major sporting event venue zone, if any; and (d) submitted to a major sporting event venue zone committee. (11) "Qualified development zone" means the property within a major sporting event venue zone, and, if applicable, the secondary project area, as approved by the committee as described in this part. (12) "Sales and use tax base year" means a sales and use tax year determined by the first year pertaining to the tax imposed in Section 59-12-103 after the sales and use tax boundary for a major sporting event venue zone is established. (13) (a) "Sales and use tax boundary" means a boundary established as described in Sections 63N-3-1707 and 63N-3-1710, based on sales and use tax collection that corresponds as closely as reasonably practicable to the boundary of the major sporting event venue zone. (b) "Sales and use tax boundary" does not include land described in a secondary project area. (14) "Sales and use tax increment" means the difference between: (a) the amount of local sales and use tax revenue generated each year following the sales and use tax base year by the local sales and use tax from the area within a sales and use tax boundary from which local sales and use tax increment is to be collected; and (b) the amount of local sales and use tax revenue that was generated from within the sales and use tax boundary during the sales and use tax base year. (15) (a) "Secondary project area" means land, as described in a proposal to create a major sporting event venue zone or a proposal to amend a major sporting event venue zone, or as approved by a committee for a major sporting event venue zone: (i) located in the same jurisdiction as the creating entity for the major sporting event venue zone; (ii) located no more than two miles from the boundary of the major sporting event venue zone; (iii) connected to a major sporting event venue zone by a transportation system; and (iv) not exceeding 50 acres. (b) "Secondary project area" may include: (i) land that is not contiguous to the major sporting event venue zone, if the land designated in the secondary project area is the only or primary point of transit by which an individual may begin to access the major sporting event venue zone; and (ii) the land on which a connecting transportation system sits if the transportation system requires infrastructure that is permanently affixed to the land. (16) "Transportation system" means: (a) a street, alley, road, highway, pathway, or thoroughfares of any kind, including connected structures; (b) an airport or aerial transit infrastructure; (c) a public transit facility; or (d) any other modes or form of conveyance used by the public. Amended by Chapter 274, 2026 General Session

Utah Code § 63N-3-1702 Applicability, requirements, and limitations on a major sporting event venue zone.

63N-3-1702. Applicability, requirements, and limitations on a major sporting event venue zone. (1) A major sporting event venue zone created pursuant to this part shall promote the following objectives: (a) redevelopment of existing but aging major sporting event venues; (b) development of new major sporting event venues; (c) development of infrastructure supporting a major sporting event venue; (d) increased utilization of public transportation when accessing a major sporting event venue; (e) improved efficiencies in parking and transportation with the goal of increasing walkability between a major sporting event venue and a public transit station; (f) improved commercial development, or mixed commercial-residential development, in areas near a major sporting event venue; (g) improving air quality by reducing fuel consumption and motor vehicle trips; and (h) increasing tourism activity. (2) In order to accomplish the objectives described in this section, a creating entity that initiates the process to create a major sporting event venue zone shall ensure that a proposal for a major sporting event venue zone includes information demonstrating how the proposed major sporting event venue zone shall achieve the objectives described in Subsection (1). (3) Notice of commencement of collection of property tax increment shall be sent by mail or electronically to the following entities no later than January 1 of the year for which the property tax increment collection is proposed to commence: (a) the State Tax Commission; (b) the State Board of Education; (c) the state auditor; (d) the auditor of the county in which the major sporting event venue zone is proposed to be created; (e) each taxing entity to be affected by collection of property tax increment in the proposed major sporting event venue zone; (f) the assessor of the county in which the major sporting event venue zone is proposed to be created; and (g) the Governor's Office of Economic Development. (4) A major sporting event venue zone proposal may include: (a) a proposal to capture property tax increment; (b) a proposal to capture local sales and use tax increment; and (c) a proposal to implement a tax described in Section 11-71-201, either immediately upon creation of the major sporting event venue zone or on a specified timeline following the creation of the major sporting event venue zone. Amended by Chapter 343, 2026 General Session

Utah Code § 63N-3-1703 Process for proposing a major sporting event venue zone.

63N-3-1703. Process for proposing a major sporting event venue zone. (1) (a) A creating entity may propose a major sporting event venue zone as provided in this section. (b) Before a creating entity may submit a proposal to the office as described in this section, the legislative body of the creating entity shall hold a public meeting on the proposal to create a major sporting event venue zone and provide notice of the public meeting as a class A notice as described in Section 63G-30-102. (c) One or more creating entities may jointly propose a major sporting event venue zone if: (i) the creating entities first enter an interlocal agreement governing how the creating entities shall manage the major sporting event venue zone, if approved; or (ii) the creating entities include a proposed interlocal agreement the creating entities will enter upon approval of the major sporting event venue zone. (d) A creating entity may not propose a major sporting event venue zone unless the owner of a major sporting event venue consents to the creation of the major sporting event venue zone through a participation agreement with the creating entity. (2) A proposal for a major sporting event venue zone shall: (a) identify if the proposal is to redevelop an existing but aging major sporting event venue, develop a new major sporting event venue, or both redevelop an existing but aging major sporting event venue and develop a new major sporting event venue; (b) demonstrate that the major sporting event venue zone will meet the objectives described in Subsection 63N-3-1702(1); (c) explain how the creating entity will achieve the requirements of Subsection 63N-3-1702(2); (d) include the consent described in Subsection (1)(d); (e) define specific infrastructure needs, if any, and proposed improvements to: (i) the major sporting event venue zone; and (ii) if applicable, the secondary project area; (f) demonstrate how the major sporting event venue zone will: (i) ensure sufficient traffic control; (ii) provide multiple avenues for spectators or participants to access the major sporting event venue zone, including public transit; and (iii) promote increased visitation to and recreation in the major sporting event venue zone; (g) define the boundaries of the major sporting event venue zone; (h) define the boundaries of the secondary project area, if any; (i) identify any impediments to the development of a new major sporting event venue, or impediments to refurbishing an existing major sporting event venue, in the major sporting event venue zone and proposed strategies for addressing each one; (j) describe the proposed development or refurbishment to a sporting event venue in the major sporting event venue zone, including estimated costs; (k) subject to Subsection (3): (i) propose the collection period or periods for property tax increment; (ii) propose the collection period for local sales and use tax increment; (iii) propose the collection period or periods for property tax increment in the secondary project area, if any; (iv) propose the sales tax increment to be collected for the benefit of the major sporting event venue zone; and (v) propose the qualified development zone boundaries for purposes of the property tax increment boundary, as described in Section 63N-3-1709, and the sales and use tax boundary, as described in Section 63N-3-1710; (l) establish the timeline to levy additional taxes authorized under Title 11, Chapter 71, Major Sporting Event Venue Zones, if any, within the major sporting event venue zone; (m) describe projected maximum revenues generated within the major sporting event venue zone by each permitted source of revenue described in Section 11-71-201; (n) describe proposed expenditures of revenue generated within the major sporting event venue zone; (o) include an analysis of other applicable or eligible incentives, grants, or sources of revenue that can be used to reduce any finance gap between generated revenue and estimated costs; (p) (i) describe any known opportunities for private-public partnership in developing, refurbishing, operating, or managing a major sporting event venue, as described in Section 11-71-301; or (ii) describe a strategy to pursue private-public partnership in developing or refurbishing a major sporting event venue; (q) propose a finance schedule to align expected revenue with required financing costs and payments; (r) evaluate possible benefits to active transportation, public transportation availability and utilization, street connectivity, and air quality; and (s) provides a pro forma for the planned development that: (i) satisfies the requirements described in Section 63N-3-1702; and (ii) includes data showing the cost difference between what type of redevelopment or development could feasibly occur without major sporting event venue zone revenue, and the type of redevelopment or development that is proposed to occur with major sporting event venue zone revenue. (3) (a) Property tax increment may be collected from a qualified development zone for no less than 25 years and no more than 40 years. (b) A proposal for a major sporting event venue zone may not propose or include triggering more than three property tax increment collection periods for the qualified development zone. (c) Local sales and use tax increment may be collected for an area in a sales and use tax boundary for no more than 40 years. (d) The percentage of property tax increment collected for the benefit of a major sporting event venue zone is 75%. (e) The committee established under Section 63N-3-1706 shall determine the percentage of local sales and use tax increment to be collected for the benefit of a major sporting event venue zone. (4) A creating entity shall submit a proposal described in Subsection (2) to a relevant school district to discuss the requirements of the proposal. (5) No earlier than 30 days after the day on which the creating entity submits the proposal to a relevant school district under Subsection (4), the creating entity shall provide the proposal described in Subsection (2) and any response or feedback to the proposal from a relevant school district to the office for consideration. (6) (a) Within 14 days after the date on which the office receives the proposal described in Subsection (5), the office shall provide notice of the proposal to all affected taxing entities, including the State Tax Commission, cities, counties, school districts, metropolitan planning organizations, and the county assessor and county auditor of the county in which the major sporting event venue zone would be located. (b) The office, in consultation with the county assessor, county auditor, and the State Tax Commission, shall evaluate the feasibility of administering the tax implications of the proposal, and provide findings to the creating entity proposing the major sporting event venue zone. (7) After receiving the findings described in Subsection (6)(b), the creating entity proposing the major sporting event venue zone may: (a) amend the proposal and request that the office submit the amended proposal to the committee; or (b) request that the office submit the original major sporting event venue zone proposal to the committee. Enacted by Chapter 495, 2025 General Session

Utah Code § 63N-3-1704 Consideration of proposals by the major sporting event venue zone committee.

63N-3-1704. Consideration of proposals by the major sporting event venue zone committee. (1) A major sporting event venue zone proposed under this part is subject to approval by the major sporting event venue zone committee. (2) (a) The proposing creating entity shall present the proposal to the major sporting event venue zone committee described in Section 63N-3-1706 in a public meeting. (b) The committee shall evaluate and verify whether the objectives and elements of a major sporting event venue zone described in Section 63N-3-1702 have been met. (3) In considering a proposal under this part, a committee may request any information from a creating entity needed to make a determination about whether to approve or deny a proposal, or approve a proposal with modifications, including a description of the proposed uses of funds and how funds will be used to support public projects related to the major sporting event venue zone, including transit. (4) (a) Subject to Subsection (4)(b), the committee may: (i) request changes to the proposal based on the analysis, characteristics, and criteria described in Section 63N-3-1703; or (ii) vote to approve or deny the proposal. (b) Before the committee may approve the major sporting event venue zone proposal, the creating entity proposing the major sporting event venue zone shall: (i) for a creating entity that is made up of more than one municipality or county, ensure the requirement described in Subsection 63N-3-1703(1)(c) has been met; and (ii) ensure that the area of the proposed major sporting event venue zone is zoned in such a manner to accommodate the requirements of a major sporting event venue zone described in this section and the proposed development. Enacted by Chapter 495, 2025 General Session

Utah Code § 63N-3-1705 Notice requirements for the creating entity.

63N-3-1705. Notice requirements for the creating entity. (1) In approving a proposal, the committee shall follow the hearing and notice requirements for proposing a major sporting event venue zone as described in this section. (2) Within 30 days after the committee approves a proposed major sporting event venue zone as described in Section 63N-3-1707, the creating entity shall: (a) record with the recorder of the county in which the major sporting event venue zone is located a document containing: (i) a description of the land within the major sporting event venue zone, primary project area, and if applicable, the secondary project area; (ii) a statement that the proposed major sporting event venue zone has been approved; (iii) the date of adoption; and (iv) the effective date of the major sporting event venue zone, as described in Section 63N-3-1707; (b) transmit a copy of the description of the land within the major sporting event venue zone and an accurate map or plat indicating the boundaries of the major sporting event venue zone, and if applicable, secondary project area to the Utah Geospatial Resource Center created under Section 63A-16-505; and (c) transmit a copy of the approved major sporting event venue zone proposal, map, and legal description of the major sporting event venue zone, and if applicable, secondary project area, to: (i) the auditor, recorder, attorney, surveyor, and assessor of the county in which any part of the major sporting event venue zone is located; (ii) the officer or officers performing the function of auditor or assessor for each taxing entity that does not use the county assessment roll or collect the taxing entity's taxes through the county; (iii) the legislative body or governing board of each taxing entity; (iv) the State Tax Commission; and (v) the State Board of Education. Enacted by Chapter 495, 2025 General Session

Utah Code § 63N-3-1706 Major sporting event venue zone committee -- Creation.

63N-3-1706. Major sporting event venue zone committee -- Creation. (1) For any major sporting event venue zone proposed under this part, there is created a major sporting event venue zone committee with membership described in Subsection (2). (2) Each major sporting event venue zone committee shall consist of the following members: (a) one representative from the office, designated by the executive director of the office; (b) one representative from the creating entity; (c) (i) if a proposal addresses a major sporting event venue that will be used during an Olympic Games, one member of the executive committee for the Salt Lake City-Utah Committee for the Games; or (ii) if a proposal does not address a major sporting event venue that will be used during an Olympic Games, one individual with expertise in a professional sports industry, appointed by the governor; (d) one individual from the Office of the State Treasurer, designated by the state treasurer; (e) two members designated by the president of the Senate; (f) two members designated by the speaker of the House of Representatives; (g) two representatives designated by the school superintendent from the school district affected by the major sporting event venue zone; and (h) one representative, representing the largest participating local taxing entity, after the creating entity and school district, in the proposed major sporting event venue zone. (3) After the office has received a request from the submitting creating entity to submit the proposal to the committee, as described in Subsection 63N-3-1703(7), the office shall notify each of the entities described in Subsection (2) of the formation of the major sporting event venue zone committee. (4) The individual designated by the office as described in Subsection (2)(a) shall serve as chair of the committee. (5) (a) A majority of the members of the committee constitutes a quorum. (b) An action by a majority of a quorum of the committee is an action of the committee. (6) (a) The chair of the committee shall convene a public meeting to consider the proposed major sporting event venue zone. (b) A meeting of the committee is subject to Title 52, Chapter 4, Open and Public Meetings Act. (7) The committee may: (a) request changes to the proposal based on the analysis, characteristics, and criteria described in Section 63N-3-1702 or 63N-3-1703; or (b) vote to approve or deny the proposal. (8) If a major sporting event venue zone is approved as described in Section 63N-3-1707: (a) the proposed major sporting event venue zone is established: (i) according to the terms of the proposal; or (ii) according to the modified terms of the proposal, as established by the committee in the committee's vote to approve the major sporting event venue zone; (b) affected local taxing entities are required to participate according to the terms approved by the committee; and (c) each affected taxing entity is required to participate at the same rate. (9) (a) Except as provided in Subsection (9)(b), any aspect of a major sporting event venue zone, including the approved use of major sporting event venue zone revenue or the boundary of the qualified development zone or sales and use tax boundary, may be amended by following the same procedure as approving a major sporting event venue zone proposal. (b) A boundary adjustment described in Section 63N-3-1711 does not require an amendment described in Subsection (9)(a). Enacted by Chapter 495, 2025 General Session

Utah Code § 63N-3-1707 Approval of a major sporting event venue zone -- Effective date of a major sporting event venue zone -- Establishment of qualified development zone boundary -- Base taxable value year.

63N-3-1707. Approval of a major sporting event venue zone -- Effective date of a major sporting event venue zone -- Establishment of qualified development zone boundary -- Base taxable value year. (1) A major sporting event venue zone proposal may be approved, with or without modifications, by a majority vote of the committee. (2) (a) The effective date of a major sporting event venue zone is January 1 following the approval of a proposal by the committee, as described in Subsection (1). (b) The collection of property tax increment or local sales and use tax increment may not be triggered before the effective date. (3) (a) The base taxable value of land within an approved major sporting event venue zone is determined as of January 1 of the year in which the committee approves a major sporting event venue zone proposal. (b) In approving the major sporting event venue zone, the committee shall establish: (i) the qualified development zone area for the purpose of calculating property tax increment; (ii) the sales and use tax boundary for the purpose of calculating local sales and use tax increment; (iii) the percent of property tax increment that may be captured in the major sporting event venue zone; (iv) the percent of local sales and use tax increment that may be captured in the major sporting event venue zone; (v) the amount of time that property tax increment, local sales and use tax increment, or both may be captured in the major sporting event venue zone; and (vi) the maximum amount of revenue from property tax increment, local sales and use tax increment, or both may be captured in the major sporting event venue zone. (4) The creating entity of a major sporting event venue zone is responsible for tracking the revenue received from property tax increment, local sales and use tax increment, or both, and reporting to the county auditor and State Tax Commission if the creating entity reaches the maximum described in Subsection (3)(b)(vi) before the relevant time period described in Subsection (3)(b)(v). Enacted by Chapter 495, 2025 General Session

Utah Code § 63N-3-1708 Major sporting event venue zone boundaries -- Reporting requirements.

63N-3-1708. Major sporting event venue zone boundaries -- Reporting requirements. (1) After a major sporting event venue zone is approved by the committee, as described in Section 63N-3-1706, the committee shall provide notice to the State Tax Commission, no later than 90 days after the day on which the committee approves the proposal: (a) of the creation of the major sporting event venue zone, including the information described in Subsection (2); (b) if the committee approves the creating entity to receive local sales and use tax increment, the information described in Subsection (3); and (c) any information to the State Tax Commission required by the State Tax Commission. (2) The notice described in Subsection (1)(a) shall include: (a) a statement that the major sporting event venue zone will be established under this part; (b) the approval date and effective date of the major sporting event venue zone; (c) the boundary of the qualified development zone; (d) the sales and use tax base year, if applicable; and (e) the sales and use tax boundary, if applicable. (3) After the effective date of a major sporting event venue zone, as described in Section 63N-3-1707, the creating entity shall provide a written report, no later than August 1, on the creating entity's activities to implement the objectives of the major sporting event venue zone to the executive director. (4) If the creating entity intends to receive or receives tax increment, as defined in Section 59-36-101, the creating entity shall comply with the requirements described in Title 59, Chapter 36, Tax Increment Financing Reporting. (5) (a) The executive director shall annually provide a written report, no later than October 1, summarizing all reports received by the executive director under Subsection (3), to the: (i) Revenue and Taxation Interim Committee; (ii) Political Subdivisions Interim Committee; and (iii) Economic Development and Workforce Services Interim Committee. (b) The executive director shall include with the written report described in Subsection (4)(a) any recommendations to the Legislature for statutory changes to this chapter or Title 11, Chapter 71, Major Sporting Event Venue Zones. Amended by Chapter 274, 2026 General Session

Utah Code § 63N-3-1709 Allowable property tax increment within a major sporting event venue zone.

63N-3-1709. Allowable property tax increment within a major sporting event venue zone. (1) A creating entity may receive and use property tax increment in accordance with this section and as described in Title 11, Chapter 71, Major Sporting Event Venue Zones. (2) (a) A county that collects property tax on property located within a qualified development zone shall, in accordance with Section 59-2-1365, distribute to the creating entity the percentage of property tax increment approved by the committee pursuant to Section 63N-3-1707, not to exceed 75%. (b) Property tax increment distributed to a creating entity in accordance with Subsection (2)(a): (i) is not revenue of the taxing entity or the creating entity; and (ii) constitutes major sporting event venue zone funds and shall be administered as described in Title 11, Chapter 71, Major Sporting Event Venue Zones. (3) (a) A creating entity may designate another local government entity to be the fiscal agent for property tax increment paid to the creating entity. (b) Before a fiscal agent may receive major sporting event venue zone funds from the creating entity, the creating entity and the fiscal agent shall enter into an agreement governing the use of the funds, consistent with this part and Title 11, Chapter 71, Major Sporting Event Venue Zones. (4) Once the maximum amount of property tax increment has been distributed to the creating entity, as approved by the committee pursuant to Section 63N-3-1707, the county that collects property tax on property located within a qualified development zone is no longer obligated to distribute property tax increment to the creating entity. (5) A creating entity and a creating entity's fiscal agent shall use major sporting event venue zone funds: (a) to achieve the purposes described in Subsections 63N-3-1702(1) and (2); (b) within, or for the direct benefit of, the major sporting event venue zone; and (c) as described in Section 11-71-203. Enacted by Chapter 495, 2025 General Session

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

63N-3-1710. Allowable local sales and use tax increment within a major sporting event venue zone. (1) (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. (2) (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

Utah Code § 63N-3-1711 Boundary adjustments.

63N-3-1711. Boundary adjustments. If the relevant county assessor or county auditor adjusts parcel or lot boundaries relevant to a major sporting event venue zone, the creating entity administering the property tax increment or local sales and use tax increment collected in the major sporting event zone may: (1) make corresponding adjustments to the qualified development zone of the major sporting event venue zone; and (2) in consultation with the State Tax Commission, and with the approval of the State Tax Commission, make corresponding adjustments to the local sales and use tax boundary. Enacted by Chapter 495, 2025 General Session

Utah Code § 63N-3-1712 Applicability to an existing project.

63N-3-1712. Applicability to an existing project. (1) If a major sporting event venue zone overlaps an area that is part of a project area, as that term is defined in Section 17C-1-102, and created under Title 17C, Chapter 1, Agency Operations, that parcel may not be triggered for collection unless the project area funds collection period, as that term is defined in Section 17C-1-102, has expired. (2) If a major sporting event venue zone overlaps any portion of an existing inactive industrial site community reinvestment project area plan created pursuant to Title 17C, Limited Purpose Local Government Entities - Community Reinvestment Agency Act: (a) if the community reinvestment project area plan captures less than 80% of the property tax increment from a taxing entity, or if a taxing entity is not participating in the community reinvestment project area plan, the major sporting event venue zone may capture the difference between: (i) 80%; and (ii) the percentage of property tax increment captured pursuant to the community reinvestment project area plan; and (b) if a community reinvestment project area plan expires before the major sporting event venue zone, the major sporting event venue zone may capture the property tax increment allocated to the community reinvestment project area plan for any remaining portion of the term of the major sporting event venue zone. (3) (a) Except as provided in Subsection (3)(b), a major sporting event venue zone may not overlap a housing and transit reinvestment zone or a first home investment zone. (b) A major sporting event venue zone may overlap a housing and transit reinvestment zone or a first home investment zone if: (i) (A) the major sporting event venue zone does not collect property tax increment for the area overlapping with the housing and transit reinvestment zone or the first home investment zone; or (B) the major sporting event venue zone does not collect property tax increment for the area overlapping with the housing and transit reinvestment zone or the first home investment zone until the collection period for the housing and transit reinvestment zone's collection of property tax increment or the first home investment zone's collection of property tax increment has ended; and (ii) (A) the major sporting event venue zone does not collect sales and use tax increment for the area overlapping with the housing and transit reinvestment zone or first home investment zone, if the housing and transit reinvestment zone or the first home investment zone collects sales and use tax increment; or (B) the major sporting event venue zone does not collect local sales and use tax increment for the area overlapping with the housing and transit reinvestment zone or the first home investment zone until the collection period for the housing and transit reinvestment zone's collection of sales and use tax increment or the first home investment zone's collection of sales and use tax increment has ended. Enacted by Chapter 495, 2025 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title63N/Chapter3/63N-3-P17.html?v=C63N-3-P17_2026010120250507Fetched: 10/26/2026

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