UT SB0279

Creates a nonrefundable income tax credit equal to 50% of property taxes for owners of real property located within one mile of a state homeless services campus

Qualifying homeless services campus must have at least 500 year-round beds, provide emergency shelter and behavioral/mental health services, and be constructed after January 1, 2026

Excludes correctional facilities, behavioral health transition facilities, medical/psychiatric facilities, microshelter communities, and overflow shelters from the definition of homeless services campus

Unused tax credit amounts may be carried forward for up to three taxable years

Takes effect for taxable years beginning on or after January 1, 2027