59-2-705. Personal property audits -- Records confidential -- Cost.
(1) The commission shall provide the services of qualified personal property appraisers
for the purpose of auditing taxable personal property accounts in each county. The results of the
audits shall be reported to the assessor of the county. The reports shall constitute the confidential
records of the commission and the assessor's office but the commission or the assessor may
publish statistical information based upon the audits. The accounts to be audited shall be
determined by the commission and the county assessor.
(2) The costs of all personal property audits made pursuant to Subsection (1) shall be
computed by the commission upon the basis of the number of days of services rendered, and 70%
of the cost shall be borne by the commission and 30% by the county. To assist the counties in
budgeting for these services, the commission shall submit to each county assessor not later than
May 1 of each year an estimate of the costs of the audits for the following fiscal year.
Amended by Chapter 3, 1988 General Session
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Last revised: Thursday, May 28, 2009