Loading chat...

UT HB0461

Bill

Status

Failed

3/6/2026

Primary Sponsor

Raymond Ward

Click for details

Origin

House of Representatives

2026 General Session

AI Summary

  • Requires five state entities (Utah Inland Port Authority, Point of the Mountain State Land Authority, Utah Fairpark Area Investment and Restoration District, Military Installation Development Authority, and Governor's Office of Economic Opportunity for convention center reinvestment zones) to publish annual tax increment revenue information on publicly accessible websites by June 30 each year.

  • Mandates disclosure of detailed project area financial data including base taxable values, current assessed values, percentage changes, historical receipts and expenditures, amounts received from each taxing entity, and years remaining for tax increment collection.

  • Requires each entity's executive director or board to notify the Political Subdivisions Interim Committee by September 1 annually that they have complied with the publication requirements and provide the website location.

  • Authorizes the Governor's Office of Economic Opportunity Board to coordinate publication across entities and recommend whether consolidating information on a single website would benefit the public.

  • Takes effect May 6, 2026, and applies to all project areas regardless of when they were created.

Legislative Description

Tax Increment Financing Revisions

Economic Development

Last Action

House/ filed in House file for bills not passed

3/6/2026

Committee Referrals

Rules2/3/2026

Full Bill Text

No bill text available