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S.B. 88 Enrolled
Craig L. Taylor
AN ACT RELATING TO THE PROPERTY TAX ACT; REQUIRING A COUNTY
TREASURER TO PROVIDE TO TAXING ENTITIES IN WRITING CERTAIN
PROPERTY TAX CHARGES, COLLECTIONS, AND DISTRIBUTIONS; MAKING
TECHNICAL CHANGES; AND PROVIDING AN EFFECTIVE DATE.
This act affects sections of Utah Code Annotated 1953 as follows:
REPEALS AND REENACTS:
59-2-1365, as last amended by Chapter 3, Laws of Utah 1988
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 59-2-1365 is repealed and reenacted to read:
59-2-1365. Payment to taxing entities by county treasurer -- Investment of proceeds
-- Transfer and receipt of money between taxing entities.
(1) Except as provided in Subsections (3) and (4), the county treasurer shall pay to the
treasurer of each taxing entity in the county on or before the tenth day of each month:
(a) all moneys that the county treasurer received during the preceding month that are due
to the taxing entity; and
(b) each taxing entity's proportionate share of moneys the county treasurer received
during the preceding month for:
(i) delinquent taxes;
(iii) penalties; and
(iv) costs on all tax sales and redemptions.
(2) Except as provided in Subsections (3) and (4), the county treasurer shall:
(a) adopt an appropriate procedure to account for the transfer and receipt of moneys
between taxing entities;
(b) make a final annual settlement on March 31 with each taxing entity, including providing
the taxing entity a written statement for the most recent calendar year of the amount of:
(i) total taxes charged;
(ii) current taxes collected;
(iii) treasurer's relief;
(vii) in lieu fee collections on motor vehicles; and
(viii) miscellaneous collections;
(c) invest the moneys it receives under Subsection (1); and
(d) pay annually to each taxing entity in the county the interest earned on the invested
moneys under Subsection (2)(c):
(i) on or before March 31; and
(ii) apportioned according to the proportion that the taxing entity's tax receipts bear to the
total tax receipts received by the county treasurer.
(3) Notwithstanding Subsections (1) and (2), a county may:
(a) negotiate with a taxing entity a procedure other than the procedure provided in
Subsection (2)(a) to account for the transfer and receipt of moneys between the county and the
taxing entity; and
(b) establish a date other than the tenth day of each month for the county treasurer to make
payments required under Subsection (1).
(4) This section does not invalidate an existing contract between a county and a taxing entity
relating to the apportionment and payment of moneys or interest.
Section 2. Effective date.
This act takes effect on January 1, 1998.
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