{"year":"2026","sessionID":"2026GS","sessionIndex":"1","billNumber":"HB0507","billNumberShort":"H.B. 507","billNumberLong":"HB0507S04","fileNumber":"2026FL0923","shortTitle":"State Coordination of Regional and Local Economic Development Projects Amendments","currentSubVersion":"4","currentMinVersion":"0","primeSponsor":"ROBERC","primeSponsorName":"Rep. Roberts, Calvin","primeSponsorHouse":"H","floorSponsor":"CULLIKA","floorSponsorName":"Sen. Cullimore, Kirk A.","floorSponsorHouse":"S","generalProvisions":"This bill addresses local and regional economic development projects and related provisions. ","highlightedProvisions":"This bill:
defines terms and modifies definitions;
prohibits a political subdivision from providing an incentive to a large load data center, with exceptions;
establishes the State Reinvestment Restricted Account (account);
describes the potential uses for money in the account;
directs the Utah Inland Port Authority to deposit certain revenues into the account;
modifies certain requirements for a public infrastructure district;
provides a process for the dissolution of a public infrastructure district;
requires the disclosure of the expected annual cost of a public infrastructure district's certified tax rate, as shown on the last equalized assessment rolls, in the conveyance of residential real property, if applicable;
creates the optional County Energy Excise Tax;
requires the State Tax Commission to deposit revenue, in certain circumstances, into the account;
provides that certain records related to economic development projects, including nondisclosure agreements, may be classified as protected records;
modifies the process for a person providing a record to a governmental entity to make a claim of confidentiality regarding the record;
modifies provisions governing the sharing of a protected record;
requires the risk manager to make rules to establish the limit of liability for damages from the intentional disclosure of a protected record;
provides that a housing and transit reinvestment zone, first home investment zone, convention center reinvestment zone, or home ownership promotion zone may not be created after January 1, 2028;
provides retrospective operation for certain provisions governing a housing and transit reinvestment zone, first home investment zone, and convention center reinvestment zone to May 4, 2022;
requires the Political Subdivisions Interim Committee to create a working group and describes the membership of the working group;
creates a process for a county or city to propose a regionally significant development zone (zone) and for a committee to approve the creation of a zone;
authorizes a zone to capture and utilize certain forms of tax increment;
describes how a zone will be managed, including how a community reinvestment agency (agency) will manage zone funds, prepare zone budgets, conduct zone audits, and make biennial reports;
describes the circumstances in which an agency or a county treasurer shall transfer a percentage of zone revenue into the account;
modifies the prohibition on local government offering a financial incentive for an energy development project outside an electrical energy development zone;
coordinates this bill with H.B. 475, Development Planning and Coordination Amendments; and
makes technical and conforming changes.","moniesAppropriated":"None","draftingAttorney":"RuthAnne Oakey-Frost","fiscalAnalyst":"Timothy Kevin Bereece","lastAction":"Governor Signed","lastActionOwner":"Lieutenant Governor's office for filing","lastActionDate":"3/25/2026","trackingID":"DQRQIQDPWC","actionHistoryList":[{"description":"Bill Numbered but not Distributed","owner":"Legislative Research and General Counsel","actionDate":"2026-02-06 07:35:16.860","actionClass":"L","voteID":"","voiceVote":"","voteHouse":"","voteStr":"","actionCode":"LNUMBER","parm1":"","parm2":""},{"description":"Numbered Bill Publicly Distributed","owner":"Legislative Research and General Counsel","actionDate":"2026-02-06 07:35:16.860","actionClass":"L","voteID":"","voiceVote":"","voteHouse":"","voteStr":"","actionCode":"LLFA","parm1":"","parm2":""},{"description":"LFA/ bill assigned to staff for fiscal analysis for HB0507","owner":"Legislative Fiscal Analyst","actionDate":"2026-02-06 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