Utah Code § 59-36-202
Analyzing proportionate benefit
Utah · Utah Code Title 59 — Revenue and Taxation · Status: effective
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- Utah Code § 59-36-202, Analyzing proportionate benefit, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2345477
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Full text
In analyzing the proportionate benefit to residents or taxpayers near the project area, a TIF entity shall prepare an estimate, in present value by using an approximated discount rate of the following:
(1) the amount of revenue that will be allocated to any party in the form of tax increment, or bond financing secured by tax increment, each year over the collection time period or 40 years, whichever is greater; and
(2) the amount of revenue expected to be received by each taxing entity each year over 40 years.