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S.B. 29 Enrolled

             1     

TRUTH IN TAXATION AMENDMENTS

             2     
2008 GENERAL SESSION

             3     
STATE OF UTAH

             4     
Chief Sponsor: Wayne L. Niederhauser

             5     
House Sponsor: John Dougall

             6     
             7      LONG TITLE
             8      General Description:
             9          This bill amends provisions in the Minimum School Program Act and the Property Tax
             10      Act relating to property tax advertisement and hearing requirements.
             11      Highlighted Provisions:
             12          This bill:
             13          .    amends certain exemptions from property tax advertisement and hearing
             14      requirements;
             15          .    requires a school district to include a statement in its proposition submitted to its
             16      voters voting on the imposition or modification of a voted leeway program under
             17      certain circumstances;
             18          .    provides that a school district may continue to receive the full amount of state
             19      guarantee money tied to the voted leeway program and board approved leeway for a
             20      period of five years if the school district's guarantee would have been reduced solely
             21      due to changes in the school district's certified tax rate;
             22          .    defines terms; and
             23          .    makes technical changes.
             24      Monies Appropriated in this Bill:
             25          None
             26      Other Special Clauses:
             27          This bill takes effect on July 1, 2008.
             28      Utah Code Sections Affected:
             29      AMENDS:


             30          17-34-3, as last amended by Laws of Utah 2005, First Special Session, Chapter 9
             31          17C-1-408, as renumbered and amended by Laws of Utah 2006, Chapter 359
             32          53A-16-106, as last amended by Laws of Utah 1994, Chapter 12
             33          53A-17a-133, as last amended by Laws of Utah 2006, Chapter 26
             34          53A-17a-134, as last amended by Laws of Utah 2006, Chapter 26
             35          53A-19-102, as last amended by Laws of Utah 2007, Chapter 92
             36          53A-19-105, as last amended by Laws of Utah 2003, Chapter 122
             37          59-2-102, as last amended by Laws of Utah 2007, Chapters 107, 234, and 329
             38          59-2-505, as last amended by Laws of Utah 2003, Chapter 208
             39          59-2-908, as last amended by Laws of Utah 1995, Chapter 278
             40          59-2-913, as last amended by Laws of Utah 2007, Chapter 107
             41          59-2-914, as last amended by Laws of Utah 1995, Chapter 278
             42          59-2-918, as last amended by Laws of Utah 2006, Chapters 26 and 104
             43          59-2-918.5, as last amended by Laws of Utah 2000, Chapter 61
             44          59-2-918.6, as enacted by Laws of Utah 2007, Chapter 297
             45          59-2-919, as last amended by Laws of Utah 2006, Chapters 26 and 104
             46          59-2-924, as last amended by Laws of Utah 2007, Chapters 107 and 329
             47          59-2-1004, as last amended by Laws of Utah 2001, Chapter 106
             48          59-2-1330, as last amended by Laws of Utah 2002, Chapters 196 and 240
             49      ENACTS:
             50          59-2-919.1, Utah Code Annotated 1953
             51          59-2-924.2, Utah Code Annotated 1953
             52     
             53      Be it enacted by the Legislature of the state of Utah:
             54          Section 1. Section 17-34-3 is amended to read:
             55           17-34-3. Taxes or service charges.
             56          (1) (a) If a county furnishes the municipal-type services and functions described in
             57      Section 17-34-1 to areas of the county outside the limits of incorporated cities or towns, the


             58      entire cost of the services or functions so furnished shall be defrayed from funds that the county
             59      has derived from:
             60          (i) taxes that the county may lawfully levy or impose outside the limits of incorporated
             61      towns or cities;
             62          (ii) service charges or fees the county may impose upon the persons benefited in any
             63      way by the services or functions; or
             64          (iii) a combination of these sources.
             65          (b) As the taxes or service charges or fees are levied and collected, they shall be placed
             66      in a special revenue fund of the county and shall be disbursed only for the rendering of the
             67      services or functions established in Section 17-34-1 within the unincorporated areas of the
             68      county or as provided in Subsection 10-2-121 (2).
             69          (2) For the purpose of levying taxes, service charges, or fees provided in this section,
             70      the county legislative body may establish a district or districts in the unincorporated areas of the
             71      county.
             72          (3) Nothing contained in this chapter may be construed to authorize counties to impose
             73      or levy taxes not otherwise allowed by law.
             74          [(4) (a) A county required under Subsection 17-34-1 (4) to provide advanced life
             75      support and paramedic services to the unincorporated area of the county and that previously
             76      paid for those services through a countywide levy may increase its levy under Subsection
             77      (1)(a)(i) to generate in the unincorporated area of the county the same amount of revenue as the
             78      county loses from that area due to the required decrease in the countywide certified tax rate
             79      under Subsection 59-2-924 (2)(k)(i).]
             80          [(b) An increase in tax rate under Subsection (4)(a) is exempt from the notice and
             81      hearing requirements of Sections 59-2-918 and 59-2-919 .]
             82          [(5)] (4) Notwithstanding any other provision of this chapter, a county providing fire,
             83      paramedic, and police protection services in a designated recreational area, as provided in
             84      Subsection 17-34-1 (5), may fund those services from the county general fund with revenues
             85      derived from both inside and outside the limits of cities and towns, and the funding of those


             86      services is not limited to unincorporated area revenues.
             87          Section 2. Section 17C-1-408 is amended to read:
             88           17C-1-408. Base taxable value to be adjusted to reflect other changes.
             89          (1) (a) (i) As used in this Subsection (1), "qualifying decrease" means:
             90          (A) a decrease of more than 20% from the previous tax year's levy; or
             91          (B) a cumulative decrease over a consecutive five-year period of more than 100% from
             92      the levy in effect at the beginning of the five-year period.
             93          (ii) The year in which a qualifying decrease under Subsection (1)(a)(i)(B) occurs is the
             94      fifth year of the five-year period.
             95          (b) If there is a qualifying decrease in the minimum basic school levy under Section
             96      59-2-902 that would result in a reduction of the amount of tax increment to be paid to an
             97      agency:
             98          (i) the base taxable value of taxable property within the project area shall be reduced in
             99      the year of the qualifying decrease to the extent necessary, even if below zero, to provide the
             100      agency with approximately the same amount of tax increment that would have been paid to the
             101      agency each year had the qualifying decrease not occurred; and
             102          (ii) the amount of tax increment paid to the agency each year for the payment of bonds
             103      and indebtedness may not be less than what would have been paid to the agency if there had
             104      been no qualifying decrease.
             105          (2) (a) The amount of the base taxable value to be used in determining tax increment
             106      shall be:
             107          (i) increased or decreased by the amount of an increase or decrease that results from:
             108          (A) a statute enacted by the Legislature or by the people through an initiative;
             109          (B) a judicial decision;
             110          (C) an order from the State Tax Commission to a county to adjust or factor its
             111      assessment rate under Subsection 59-2-704 (2);
             112          (D) a change in exemption provided in Utah Constitution Article XIII, Section 2, or
             113      Section 59-2-103 ; or


             114          (E) an increase or decrease in the percentage of fair market value, as defined under
             115      Section 59-2-102 ; and
             116          (ii) reduced for any year to the extent necessary, even if below zero, to provide an
             117      agency with approximately the same amount of money the agency would have received without
             118      a reduction in the county's certified tax rate if:
             119          (A) in that year there is a decrease in the county's certified tax rate under Subsection
             120      [ 59-2-924 (2)(c) or (d)(i)] 59-2-924.2 (2) or (3)(a);
             121          (B) the amount of the decrease is more than 20% of the county's certified tax rate of the
             122      previous year; and
             123          (C) the decrease would result in a reduction of the amount of tax increment to be paid
             124      to the agency.
             125          (b) Notwithstanding an increase or decrease under Subsection (2)(a), the amount of tax
             126      increment paid to an agency each year for payment of bonds or other indebtedness may not be
             127      less than would have been paid to the agency each year if there had been no increase or decrease
             128      under Subsection (2)(a).
             129          Section 3. Section 53A-16-106 is amended to read:
             130           53A-16-106. Annual certification of tax rate proposed by local school board --
             131      Inclusion of school district budget -- Modified filing date.
             132          (1) Prior to June 22 of each year, each local school board shall certify to the county
             133      legislative body in which the district is located, on forms prescribed by the State Tax
             134      Commission, the proposed tax rate approved by the local school board.
             135          (2) A copy of the district's budget, including items under Section 53A-19-101 , and a
             136      certified copy of the local school board's resolution which approved the budget and set the tax
             137      rate for the subsequent school year beginning July 1 shall accompany the tax rate.
             138          (3) If the tax rate approved by the board is in excess of the "certified tax rate" as
             139      defined under Subsection 59-2-924[(2)](3) (a), the date for filing the tax rate and budget
             140      adopted by the board shall be that established under Section 59-2-919 .
             141          Section 4. Section 53A-17a-133 is amended to read:


             142           53A-17a-133. State-supported voted leeway program authorized -- Election
             143      requirements -- State guarantee -- Reconsideration of the program.
             144          (1) An election to consider adoption or modification of a voted leeway program is
             145      required if initiative petitions signed by 10% of the number of electors who voted at the last
             146      preceding general election are presented to the local school board or by action of the board.
             147          (2) (a) (i) To establish a voted leeway program, a majority of the electors of a district
             148      voting at an election in the manner set forth in Section 53A-16-110 must vote in favor of a
             149      special tax.
             150          (ii) The tax rate may not exceed .002 per dollar of taxable value.
             151          (b) The district may maintain a school program which exceeds the cost of the program
             152      referred to in Section 53A-17a-145 with this voted leeway.
             153          (c) In order to receive state support the first year, a district must receive voter approval
             154      no later than December 1 of the year prior to implementation.
             155          (3) (a) Under the voted leeway program, the state shall contribute an amount sufficient
             156      to guarantee $17.54 per weighted pupil unit for each .0001 of the first .0016 per dollar of
             157      taxable value.
             158          (b) The same dollar amount guarantee per weighted pupil unit for the .0016 per dollar
             159      of taxable value under Subsection (3)(a) shall apply to the board-approved leeway authorized in
             160      Section 53A-17a-134 , so that the guarantee shall apply up to a total of .002 per dollar of
             161      taxable value if a school district levies a tax rate under both programs.
             162          (c) (i) Beginning July 1, 2005, the $17.54 guarantee under Subsections (3)(a) and (b)
             163      shall be indexed each year to the value of the weighted pupil unit by making the value of the
             164      guarantee equal to .008544 times the value of the prior year's weighted pupil unit.
             165          (ii) The guarantee shall increase by .0005 times the value of the prior year's weighted
             166      pupil unit for each succeeding year until the guarantee is equal to .010544 times the value of the
             167      prior year's weighted pupil unit.
             168          (d) (i) The amount of state guarantee money to which a school district would otherwise
             169      be entitled to under this Subsection (3) may not be reduced for the sole reason that the district's


             170      levy is reduced as a consequence of changes in the certified tax rate under Section 59-2-924
             171      pursuant to changes in property valuation.
             172          (ii) Subsection (3)(d)(i) applies for a period of [two] five years following any such
             173      change in the certified tax rate.
             174          (4) (a) An election to modify an existing voted leeway program is not a reconsideration
             175      of the existing program unless the proposition submitted to the electors expressly so states.
             176          (b) A majority vote opposing a modification does not deprive the district of authority to
             177      continue an existing program.
             178          (c) If adoption of a leeway program is contingent upon an offset reducing other local
             179      school board levies, the board must allow the electors, in an election, to consider modifying or
             180      discontinuing the program prior to a subsequent increase in other levies that would increase the
             181      total local school board levy.
             182          (d) Nothing contained in this section terminates, without an election, the authority of a
             183      school district to continue an existing voted leeway program previously authorized by the
             184      voters.
             185          (5) Notwithstanding Section 59-2-918 , a school district may budget an increased
             186      amount of ad valorem property tax revenue derived from a voted leeway imposed under this
             187      section in addition to revenue from new growth as defined in Subsection 59-2-924 [(2)](4),
             188      without having to comply with the advertisement requirements of Section 59-2-918 , if:
             189          (a) the voted leeway is approved:
             190          [(a)] (i) in accordance with Section 53A-16-110 on or after January 1, 2003; and
             191          [(b)] (ii) within the four-year period immediately preceding the year in which the school
             192      district seeks to budget an increased amount of ad valorem property tax revenue derived from
             193      the voted leeway[.]; and
             194          (b) for a voted leeway approved or modified in accordance with this section on or after
             195      January 1, 2009, the school district complies with the requirements of Subsection (7).
             196          (6) Notwithstanding Section 59-2-919 , a school district may levy a tax rate under this
             197      section that exceeds the certified tax rate without having to comply with the advertisement


             198      requirements of Section 59-2-919 if:
             199          (a) the levy exceeds the certified tax rate as the result of a school district budgeting an
             200      increased amount of ad valorem property tax revenue derived from a voted leeway imposed
             201      under this section; [and]
             202          (b) if the voted leeway was approved:
             203          (i) in accordance with Section 53A-16-110 on or after January 1, 2003; and
             204          (ii) within the four-year period immediately preceding the year in which the school
             205      district seeks to budget an increased amount of ad valorem property tax revenue derived from
             206      the voted leeway[.]; and
             207          (c) for a voted leeway approved or modified in accordance with this section on or after
             208      January 1, 2009, the school district complies with requirements of Subsection (7).
             209          (7) For purposes of Subsection (5)(b) or (6)(c), the proposition submitted to the
             210      electors regarding the adoption or modification of a voted leeway program shall contain the
             211      following statement:
             212          "A vote in favor of this tax means that (name of the school district) may increase
             213      revenue from this property tax without advertising the increase for the next five years."
             214          Section 5. Section 53A-17a-134 is amended to read:
             215           53A-17a-134. Board-approved leeway -- Purpose -- State support -- Disapproval.
             216          (1) Each local school board may levy a tax rate of up to .0004 per dollar of taxable
             217      value to maintain a school program above the cost of the basic school program as follows:
             218          (a) a local school board shall use the monies generated by the tax for class size
             219      reduction within the school district;
             220          (b) if a local school board determines that the average class size in the school district is
             221      not excessive, it may use the monies for other school purposes but only if the board has
             222      declared the use for other school purposes in a public meeting prior to levying the tax rate; and
             223          (c) a district may not use the monies for other school purposes under Subsection (1)(b)
             224      until it has certified in writing that its class size needs are already being met and has identified
             225      the other school purposes for which the monies will be used to the State Board of Education


             226      and the state board has approved their use for other school purposes.
             227          (2) (a) The state shall contribute an amount sufficient to guarantee $17.54 per weighted
             228      pupil unit for each .0001 per dollar of taxable value.
             229          (b) The guarantee shall increase in the same manner as provided for the voted leeway
             230      guarantee in Subsections 53A-17a-133 (3)(c)(i) and (ii).
             231          (c) (i) The amount of state guarantee money to which a school district would otherwise
             232      be entitled to under this Subsection (2) may not be reduced for the sole reason that the district's
             233      levy is reduced as a consequence of changes in the certified tax rate under Section 59-2-924
             234      pursuant to changes in property valuation.
             235          (ii) Subsection (2)(c)(i) applies for a period of [two] five years following any such
             236      change in the certified tax rate.
             237          (3) The levy authorized under this section is not in addition to the maximum rate of
             238      .002 authorized in Section 53A-17a-133 , but is a board-authorized component of the total tax
             239      rate under that section.
             240          (4) As an exception to Section 53A-17a-133 , the board-authorized levy does not
             241      require voter approval, but the board may require voter approval if requested by a majority of
             242      the board.
             243          (5) An election to consider disapproval of the board-authorized levy is required, if
             244      within 60 days after the levy is established by the board, referendum petitions signed by the
             245      number of legal voters required in Section 20A-7-301 , who reside within the school district, are
             246      filed with the school district.
             247          (6) (a) A local school board shall establish its board-approved levy by April 1 to have
             248      the levy apply to the fiscal year beginning July 1 in that same calendar year except that if an
             249      election is required under this section, the levy applies to the fiscal year beginning July 1 of the
             250      next calendar year.
             251          (b) The approval and disapproval votes authorized in Subsections (4) and (5) shall
             252      occur at a general election in even-numbered years, except that a vote required under this
             253      section in odd-numbered years shall occur at a special election held on a day in odd-numbered


             254      years that corresponds to the general election date. The school district shall pay for the cost of
             255      a special election.
             256          (7) (a) Modification or termination of a voter-approved leeway rate authorized under
             257      this section is governed by Section 53A-17a-133 .
             258          (b) A board-authorized leeway rate may be modified or terminated by a majority vote of
             259      the board subject to disapproval procedures specified in this section.
             260          (8) A board levy election does not require publication of a voter information pamphlet.
             261          Section 6. Section 53A-19-102 is amended to read:
             262           53A-19-102. Local school boards budget procedures.
             263          (1) Prior to June 22 of each year, each local school board shall adopt a budget and
             264      make appropriations for the next fiscal year. If the tax rate in the proposed budget exceeds the
             265      certified tax rate defined in [Subsection] Section 59-2-924 [(2)], the board shall comply with
             266      Sections 59-2-918 and 59-2-919 in adopting the budget, except as provided by Section
             267      53A-17a-133 .
             268          (2) Prior to the adoption of a budget containing a tax rate which does not exceed the
             269      certified tax rate, the board shall hold a public hearing, as defined in Section 10-9a-103 , on the
             270      proposed budget. In addition to complying with Title 52, Chapter 4, Open and Public Meetings
             271      Act, in regards to the hearing, the board shall do the following:
             272          (a) publish the required newspaper notice at least ten days prior to the hearing; and
             273          (b) file a copy of the proposed budget with the board's business administrator for public
             274      inspection at least ten days prior to the hearing.
             275          (3) The board shall file a copy of the adopted budget with the state auditor and the
             276      State Board of Education.
             277          Section 7. Section 53A-19-105 is amended to read:
             278           53A-19-105. School district interfund transfers.
             279          (1) A school district shall spend revenues only within the fund for which they were
             280      originally authorized, levied, collected, or appropriated.
             281          (2) Except as otherwise provided in this section, school district interfund transfers of


             282      residual equity are prohibited.
             283          (3) The State Board of Education may authorize school district interfund transfers of
             284      residual equity when a district states its intent to create a new fund or expand, contract, or
             285      liquidate an existing fund.
             286          (4) The State Board of Education may also authorize school district interfund transfers
             287      of residual equity for a financially distressed district if the board determines the following:
             288          (a) the district has a significant deficit in its maintenance and operations fund caused by
             289      circumstances not subject to the administrative decisions of the district;
             290          (b) the deficit cannot be reasonably reduced under Section 53A-19-104 ; and
             291          (c) without the transfer, the school district will not be capable of meeting statewide
             292      educational standards adopted by the State Board of Education.
             293          (5) The board shall develop standards for defining and aiding financially distressed
             294      school districts under this section in accordance with Title 63, Chapter 46a, Utah Administrative
             295      Rulemaking Act.
             296          (6) (a) All debt service levies not subject to certified tax rate hearings shall be recorded
             297      and reported in the debt service fund.
             298          (b) Debt service levies under Subsection 59-2-924 [(2)(a)(v)(C)](3)(e)(iii) that are not
             299      subject to the certified tax rate hearing requirements of Sections 59-2-918 and 59-2-919 may
             300      not be used for any purpose other than retiring general obligation debt.
             301          (c) Amounts from these levies remaining in the debt service fund at the end of a fiscal
             302      year shall be used in subsequent years for general obligation debt retirement.
             303          (d) Any amounts left in the debt service fund after all general obligation debt has been
             304      retired may be transferred to the capital projects fund upon completion of the budgetary hearing
             305      process required under Section 53A-19-102 .
             306          Section 8. Section 59-2-102 is amended to read:
             307           59-2-102. Definitions.
             308          As used in this chapter and title:
             309          (1) "Aerial applicator" means aircraft or rotorcraft used exclusively for the purpose of


             310      engaging in dispensing activities directly affecting agriculture or horticulture with an
             311      airworthiness certificate from the Federal Aviation Administration certifying the aircraft or
             312      rotorcraft's use for agricultural and pest control purposes.
             313          (2) "Air charter service" means an air carrier operation which requires the customer to
             314      hire an entire aircraft rather than book passage in whatever capacity is available on a scheduled
             315      trip.
             316          (3) "Air contract service" means an air carrier operation available only to customers
             317      who engage the services of the carrier through a contractual agreement and excess capacity on
             318      any trip and is not available to the public at large.
             319          (4) "Aircraft" is as defined in Section 72-10-102 .
             320          (5) "Airline" means any air carrier operating interstate routes on a scheduled basis
             321      which offers to fly passengers or cargo on the basis of available capacity on regularly scheduled
             322      routes.
             323          (6) "Assessment roll" means a permanent record of the assessment of property as
             324      assessed by the county assessor and the commission and may be maintained manually or as a
             325      computerized file as a consolidated record or as multiple records by type, classification, or
             326      categories.
             327          (7) (a) "Certified revenue levy" means a property tax levy that provides the same
             328      amount of ad valorem property tax revenue as was collected for the prior year, plus new
             329      growth, but exclusive of revenue from collections from redemptions, interest, and penalties.
             330          (b) For purposes of this Subsection (7), "ad valorem property tax revenue" does not
             331      include property tax revenue received by a taxing entity from personal property that is:
             332          (i) assessed by a county assessor in accordance with Part 3, County Assessment; and
             333          (ii) semiconductor manufacturing equipment.
             334          (8) "County-assessed commercial vehicle" means:
             335          (a) any commercial vehicle, trailer, or semitrailer which is not apportioned under
             336      Section 41-1a-301 and is not operated interstate to transport the vehicle owner's goods or
             337      property in furtherance of the owner's commercial enterprise;


             338          (b) any passenger vehicle owned by a business and used by its employees for
             339      transportation as a company car or vanpool vehicle; and
             340          (c) vehicles which are:
             341          (i) especially constructed for towing or wrecking, and which are not otherwise used to
             342      transport goods, merchandise, or people for compensation;
             343          (ii) used or licensed as taxicabs or limousines;
             344          (iii) used as rental passenger cars, travel trailers, or motor homes;
             345          (iv) used or licensed in this state for use as ambulances or hearses;
             346          (v) especially designed and used for garbage and rubbish collection; or
             347          (vi) used exclusively to transport students or their instructors to or from any private,
             348      public, or religious school or school activities.
             349          (9) (a) Except as provided in Subsection (9)(b), for purposes of Section 59-2-801 ,
             350      "designated tax area" means a tax area created by the overlapping boundaries of only the
             351      following taxing entities:
             352          (i) a county; and
             353          (ii) a school district.
             354          (b) Notwithstanding Subsection (9)(a), "designated tax area" includes a tax area created
             355      by the overlapping boundaries of:
             356          (i) the taxing entities described in Subsection (9)(a); and
             357          (ii) (A) a city or town if the boundaries of the school district under Subsection (9)(a)
             358      and the boundaries of the city or town are identical; or
             359          (B) a special service district if the boundaries of the school district under Subsection
             360      (9)(a) are located entirely within the special service district.
             361          (10) "Eligible judgment" means a final and unappealable judgment or order under
             362      Section 59-2-1330 :
             363          (a) that became a final and unappealable judgment or order no more than 14 months
             364      prior to the day on which the notice required by [Subsection 59-2-919 (4)] Section 59-2-919.1 is
             365      required to be mailed; and


             366          (b) for which a taxing entity's share of the final and unappealable judgment or order is
             367      greater than or equal to the lesser of:
             368          (i) $5,000; or
             369          (ii) 2.5% of the total ad valorem property taxes collected by the taxing entity in the
             370      previous fiscal year.
             371          (11) (a) "Escaped property" means any property, whether personal, land, or any
             372      improvements to the property, subject to taxation and is:
             373          (i) inadvertently omitted from the tax rolls, assigned to the incorrect parcel, or assessed
             374      to the wrong taxpayer by the assessing authority;
             375          (ii) undervalued or omitted from the tax rolls because of the failure of the taxpayer to
             376      comply with the reporting requirements of this chapter; or
             377          (iii) undervalued because of errors made by the assessing authority based upon
             378      incomplete or erroneous information furnished by the taxpayer.
             379          (b) Property which is undervalued because of the use of a different valuation
             380      methodology or because of a different application of the same valuation methodology is not
             381      "escaped property."
             382          (12) "Fair market value" means the amount at which property would change hands
             383      between a willing buyer and a willing seller, neither being under any compulsion to buy or sell
             384      and both having reasonable knowledge of the relevant facts. For purposes of taxation, "fair
             385      market value" shall be determined using the current zoning laws applicable to the property in
             386      question, except in cases where there is a reasonable probability of a change in the zoning laws
             387      affecting that property in the tax year in question and the change would have an appreciable
             388      influence upon the value.
             389          (13) "Farm machinery and equipment," for purposes of the exemption provided under
             390      Section 59-2-1101 , means tractors, milking equipment and storage and cooling facilities, feed
             391      handling equipment, irrigation equipment, harvesters, choppers, grain drills and planters, tillage
             392      tools, scales, combines, spreaders, sprayers, haying equipment, and any other machinery or
             393      equipment used primarily for agricultural purposes; but does not include vehicles required to be


             394      registered with the Motor Vehicle Division or vehicles or other equipment used for business
             395      purposes other than farming.
             396          (14) "Geothermal fluid" means water in any form at temperatures greater than 120
             397      degrees centigrade naturally present in a geothermal system.
             398          (15) "Geothermal resource" means:
             399          (a) the natural heat of the earth at temperatures greater than 120 degrees centigrade;
             400      and
             401          (b) the energy, in whatever form, including pressure, present in, resulting from, created
             402      by, or which may be extracted from that natural heat, directly or through a material medium.
             403          (16) (a) "Goodwill" means:
             404          (i) acquired goodwill that is reported as goodwill on the books and records:
             405          (A) of a taxpayer; and
             406          (B) that are maintained for financial reporting purposes; or
             407          (ii) the ability of a business to:
             408          (A) generate income:
             409          (I) that exceeds a normal rate of return on assets; and
             410          (II) resulting from a factor described in Subsection (16)(b); or
             411          (B) obtain an economic or competitive advantage resulting from a factor described in
             412      Subsection (16)(b).
             413          (b) The following factors apply to Subsection (16)(a)(ii):
             414          (i) superior management skills;
             415          (ii) reputation;
             416          (iii) customer relationships;
             417          (iv) patronage; or
             418          (v) a factor similar to Subsections (16)(b)(i) through (iv).
             419          (c) "Goodwill" does not include:
             420          (i) the intangible property described in Subsection (20)(a) or (b);
             421          (ii) locational attributes of real property, including:


             422          (A) zoning;
             423          (B) location;
             424          (C) view;
             425          (D) a geographic feature;
             426          (E) an easement;
             427          (F) a covenant;
             428          (G) proximity to raw materials;
             429          (H) the condition of surrounding property; or
             430          (I) proximity to markets;
             431          (iii) value attributable to the identification of an improvement to real property,
             432      including:
             433          (A) reputation of the designer, builder, or architect of the improvement;
             434          (B) a name given to, or associated with, the improvement; or
             435          (C) the historic significance of an improvement; or
             436          (iv) the enhancement or assemblage value specifically attributable to the interrelation of
             437      the existing tangible property in place working together as a unit.
             438          (17) "Governing body" means:
             439          (a) for a county, city, or town, the legislative body of the county, city, or town;
             440          (b) for a local district under Title 17B, Limited Purpose Local Government Entities -
             441      Local Districts, the local district's board of trustees;
             442          (c) for a school district, the local board of education; or
             443          (d) for a special service district under Title 17A, Chapter 2, Part 13, Utah Special
             444      Service District Act:
             445          (i) the legislative body of the county or municipality that created the special service
             446      district, to the extent that the county or municipal legislative body has not delegated authority to
             447      an administrative control board established under Section 17A-2-1326 ; or
             448          (ii) the administrative control board, to the extent that the county or municipal
             449      legislative body has delegated authority to an administrative control board established under


             450      Section 17A-2-1326 .
             451          (18) (a) For purposes of Section 59-2-103 :
             452          (i) "household" means the association of persons who live in the same dwelling, sharing
             453      its furnishings, facilities, accommodations, and expenses; and
             454          (ii) "household" includes married individuals, who are not legally separated, that have
             455      established domiciles at separate locations within the state.
             456          (b) In accordance with Title 63, Chapter 46a, Utah Administrative Rulemaking Act, the
             457      commission may make rules defining the term "domicile."
             458          (19) (a) Except as provided in Subsection (19)(c), "improvement" means a building,
             459      structure, fixture, fence, or other item that is permanently attached to land, regardless of
             460      whether the title has been acquired to the land, if:
             461          (i) (A) attachment to land is essential to the operation or use of the item; and
             462          (B) the manner of attachment to land suggests that the item will remain attached to the
             463      land in the same place over the useful life of the item; or
             464          (ii) removal of the item would:
             465          (A) cause substantial damage to the item; or
             466          (B) require substantial alteration or repair of a structure to which the item is attached.
             467          (b) "Improvement" includes:
             468          (i) an accessory to an item described in Subsection (19)(a) if the accessory is:
             469          (A) essential to the operation of the item described in Subsection (19)(a); and
             470          (B) installed solely to serve the operation of the item described in Subsection (19)(a);
             471      and
             472          (ii) an item described in Subsection (19)(a) that:
             473          (A) is temporarily detached from the land for repairs; and
             474          (B) remains located on the land.
             475          (c) Notwithstanding Subsections (19)(a) and (b), "improvement" does not include:
             476          (i) an item considered to be personal property pursuant to rules made in accordance
             477      with Section 59-2-107 ;


             478          (ii) a moveable item that is attached to land:
             479          (A) for stability only; or
             480          (B) for an obvious temporary purpose;
             481          (iii) (A) manufacturing equipment and machinery; or
             482          (B) essential accessories to manufacturing equipment and machinery;
             483          (iv) an item attached to the land in a manner that facilitates removal without substantial
             484      damage to:
             485          (A) the land; or
             486          (B) the item; or
             487          (v) a transportable factory-built housing unit as defined in Section 59-2-1502 if that
             488      transportable factory-built housing unit is considered to be personal property under Section
             489      59-2-1503 .
             490          (20) "Intangible property" means:
             491          (a) property that is capable of private ownership separate from tangible property,
             492      including:
             493          (i) moneys;
             494          (ii) credits;
             495          (iii) bonds;
             496          (iv) stocks;
             497          (v) representative property;
             498          (vi) franchises;
             499          (vii) licenses;
             500          (viii) trade names;
             501          (ix) copyrights; and
             502          (x) patents;
             503          (b) a low-income housing tax credit; or
             504          (c) goodwill.
             505          (21) "Low-income housing tax credit" means:


             506          (a) a federal low-income housing tax credit under Section 42, Internal Revenue Code;
             507      or
             508          (b) a low-income housing tax credit under:
             509          (i) Section 59-7-607 ; or
             510          (ii) Section 59-10-1010 .
             511          (22) "Metalliferous minerals" includes gold, silver, copper, lead, zinc, and uranium.
             512          (23) "Mine" means a natural deposit of either metalliferous or nonmetalliferous valuable
             513      mineral.
             514          (24) "Mining" means the process of producing, extracting, leaching, evaporating, or
             515      otherwise removing a mineral from a mine.
             516          (25) (a) "Mobile flight equipment" means tangible personal property that is:
             517          (i) owned or operated by an:
             518          (A) air charter service;
             519          (B) air contract service; or
             520          (C) airline; and
             521          (ii) (A) capable of flight;
             522          (B) attached to an aircraft that is capable of flight; or
             523          (C) contained in an aircraft that is capable of flight if the tangible personal property is
             524      intended to be used:
             525          (I) during multiple flights;
             526          (II) during a takeoff, flight, or landing; and
             527          (III) as a service provided by an air charter service, air contract service, or airline.
             528          (b) (i) "Mobile flight equipment" does not include a spare part other than a spare engine
             529      that is rotated:
             530          (A) at regular intervals; and
             531          (B) with an engine that is attached to the aircraft.
             532          (ii) In accordance with Title 63, Chapter 46a, Utah Administrative Rulemaking Act, the
             533      commission may make rules defining the term "regular intervals."


             534          (26) "Nonmetalliferous minerals" includes, but is not limited to, oil, gas, coal, salts,
             535      sand, rock, gravel, and all carboniferous materials.
             536          (27) "Personal property" includes:
             537          (a) every class of property as defined in Subsection (28) which is the subject of
             538      ownership and not included within the meaning of the terms "real estate" and "improvements";
             539          (b) gas and water mains and pipes laid in roads, streets, or alleys;
             540          (c) bridges and ferries;
             541          (d) livestock which, for the purposes of the exemption provided under Section
             542      59-2-1112 , means all domestic animals, honeybees, poultry, fur-bearing animals, and fish; and
             543          (e) outdoor advertising structures as defined in Section 72-7-502 .
             544          (28) (a) "Property" means property that is subject to assessment and taxation according
             545      to its value.
             546          (b) "Property" does not include intangible property as defined in this section.
             547          (29) "Public utility," for purposes of this chapter, means the operating property of a
             548      railroad, gas corporation, oil or gas transportation or pipeline company, coal slurry pipeline
             549      company, electrical corporation, telephone corporation, sewerage corporation, or heat
             550      corporation where the company performs the service for, or delivers the commodity to, the
             551      public generally or companies serving the public generally, or in the case of a gas corporation or
             552      an electrical corporation, where the gas or electricity is sold or furnished to any member or
             553      consumers within the state for domestic, commercial, or industrial use. Public utility also means
             554      the operating property of any entity or person defined under Section 54-2-1 except water
             555      corporations.
             556          (30) "Real estate" or "real property" includes:
             557          (a) the possession of, claim to, ownership of, or right to the possession of land;
             558          (b) all mines, minerals, and quarries in and under the land, all timber belonging to
             559      individuals or corporations growing or being on the lands of this state or the United States, and
             560      all rights and privileges appertaining to these; and
             561          (c) improvements.


             562          (31) "Residential property," for the purposes of the reductions and adjustments under
             563      this chapter, means any property used for residential purposes as a primary residence. It does
             564      not include property used for transient residential use or condominiums used in rental pools.
             565          (32) For purposes of Subsection 59-2-801 (1)(e), "route miles" means the number of
             566      miles calculated by the commission that is:
             567          (a) measured in a straight line by the commission; and
             568          (b) equal to the distance between a geographical location that begins or ends:
             569          (i) at a boundary of the state; and
             570          (ii) where an aircraft:
             571          (A) takes off; or
             572          (B) lands.
             573          (33) (a) "State-assessed commercial vehicle" means:
             574          (i) any commercial vehicle, trailer, or semitrailer which operates interstate or intrastate
             575      to transport passengers, freight, merchandise, or other property for hire; or
             576          (ii) any commercial vehicle, trailer, or semitrailer which operates interstate and
             577      transports the vehicle owner's goods or property in furtherance of the owner's commercial
             578      enterprise.
             579          (b) "State-assessed commercial vehicle" does not include vehicles used for hire which
             580      are specified in Subsection (8)(c) as county-assessed commercial vehicles.
             581          (34) "Taxable value" means fair market value less any applicable reduction allowed for
             582      residential property under Section 59-2-103 .
             583          (35) "Tax area" means a geographic area created by the overlapping boundaries of one
             584      or more taxing entities.
             585          (36) "Taxing entity" means any county, city, town, school district, special taxing
             586      district, local district under Title 17B, Limited Purpose Local Government Entities - Local
             587      Districts, or other political subdivision of the state with the authority to levy a tax on property.
             588          (37) "Tax roll" means a permanent record of the taxes charged on property, as extended
             589      on the assessment roll and may be maintained on the same record or records as the assessment


             590      roll or may be maintained on a separate record properly indexed to the assessment roll. It
             591      includes tax books, tax lists, and other similar materials.
             592          Section 9. Section 59-2-505 is amended to read:
             593           59-2-505. Indicia of value for agricultural use assessment -- Inclusion of fair
             594      market value on certain property tax notices.
             595          (1) (a) The county assessor shall consider only those indicia of value that the land has
             596      for agricultural use as determined by the commission when assessing land:
             597          (i) that meets the requirements of Section 59-2-503 to be assessed under this part; and
             598          (ii) for which the owner has:
             599          (A) made a timely application in accordance with Section 59-2-508 for assessment
             600      under this part for the tax year for which the land is being assessed; and
             601          (B) obtained approval of the application described in Subsection (1)(a)(ii)(A) from the
             602      county assessor.
             603          (b) If land that becomes subject to a conservation easement created in accordance with
             604      Title 57, Chapter 18, Land Conservation Easement Act, meets the requirements of Subsection
             605      (1)(a) for assessment under this part, the county assessor shall consider only those indicia of
             606      value that the land has for agricultural use in accordance with Subsection (1)(a) when assessing
             607      the land.
             608          (2) In addition to the value determined in accordance with Subsection (1), the fair
             609      market value assessment shall be included on the notices described in:
             610          (a) [Subsection 59-2-919 (4)] Section 59-2-919.1 ; and
             611          (b) Section 59-2-1317 .
             612          (3) The county board of equalization shall review the agricultural use value and fair
             613      market value assessments each year as provided under Section 59-2-1001 .
             614          Section 10. Section 59-2-908 is amended to read:
             615           59-2-908. Single aggregate limitation -- Maximum levy.
             616          (1) Except as provided in Subsection (2), each county shall have a single aggregate
             617      limitation on the property tax levied for all purposes by the county. Except as provided in


             618      Section 59-2-911 , this limitation may not exceed the maximum set forth in this section. The
             619      maximum is:
             620          (a) .0032 per dollar of taxable value in all counties with a total taxable value of more
             621      than $100,000,000; and
             622          (b) .0036 per dollar of taxable value in all counties with a total taxable value of less than
             623      $100,000,000.
             624          (2) (a) Beginning January 1, 1995, a county may impose a tax rate in excess of the
             625      limitation provided in Subsection (1) if the rate established under Subsection (1)(a) or (b)
             626      generates revenues for the county in an amount that is less than the revenues that would be
             627      generated by the county under the certified tax rate established in [Subsection] Section
             628      59-2-924 [(2)].
             629          (b) A county meeting the requirements of Subsection (2)(a) may impose a tax rate that
             630      does not exceed the certified tax rate established in [Subsection] Section 59-2-924 [(2)].
             631          Section 11. Section 59-2-913 is amended to read:
             632           59-2-913. Definitions -- Statement of amount and purpose of levy -- Contents of
             633      statement -- Filing with county auditor -- Transmittal to commission -- Calculations for
             634      establishing tax levies -- Format of statement.
             635          (1) As used in this section, "budgeted property tax revenues" does not include property
             636      tax revenue received by a taxing entity from personal property that is:
             637          (a) assessed by a county assessor in accordance with Part 3, County Assessment; and
             638          (b) semiconductor manufacturing equipment.
             639          (2) (a) The legislative body of each taxing entity shall file a statement as provided in this
             640      section with the county auditor of the county in which the taxing entity is located.
             641          (b) The auditor shall annually transmit the statement to the commission:
             642          (i) before June 22; or
             643          (ii) with the approval of the commission, on a subsequent date prior to the date
             644      established under Section 59-2-1317 for mailing tax notices.
             645          (c) The statement shall contain the amount and purpose of each levy fixed by the


             646      legislative body of the taxing entity.
             647          (3) For purposes of establishing the levy set for each of a taxing entity's applicable
             648      funds, the legislative body of the taxing entity shall calculate an amount determined by dividing
             649      the budgeted property tax revenues, specified in a budget which has been adopted and approved
             650      prior to setting the levy, by the amount calculated under Subsections 59-2-924 [(2)(a)(iii)(B)(I)
             651      through (III)](3)(c)(ii)(A) through (C).
             652          (4) The format of the statement under this section shall:
             653          (a) be determined by the commission; and
             654          (b) cite any applicable statutory provisions that:
             655          (i) require a specific levy; or
             656          (ii) limit the property tax levy for any taxing entity.
             657          (5) The commission may require certification that the information submitted on a
             658      statement under this section is true and correct.
             659          Section 12. Section 59-2-914 is amended to read:
             660           59-2-914. Excess levies -- Commission to recalculate levy -- Notice to implement
             661      adjusted levies to county auditor.
             662          (1) If the commission determines that a levy established for a taxing entity set under
             663      Section 59-2-913 is in excess of the maximum levy permitted by law, the commission shall:
             664          (a) lower the levy so that it is set at the maximum level permitted by law;
             665          (b) notify the taxing entity which set the excessive rate that the rate has been lowered;
             666      and
             667          (c) notify the county auditor of the county or counties in which the taxing entity is
             668      located to implement the rate established by the commission.
             669          (2) A levy set for a taxing entity by the commission under this section shall be the
             670      official levy for that taxing entity unless:
             671          (a) the taxing entity lowers the levy established by the commission; or
             672          (b) the levy is subsequently modified by a court order.
             673          (3) (a) Subject to the provisions of Subsections (1) and (2), beginning January 1, 1995,


             674      a taxing entity may impose a tax rate in excess of the maximum levy permitted by law if the rate
             675      established by the taxing entity for the current year generates revenues for the taxing entity in an
             676      amount that is less than the revenues that would be generated by the taxing entity under the
             677      certified tax rate established in [Subsection] Section 59-2-924 [(2)].
             678          (b) A taxing entity meeting the requirements of Subsection (3)(a) may impose a tax rate
             679      that does not exceed the certified rate established in [Subsection] Section 59-2-924 [(2)].
             680          Section 13. Section 59-2-918 is amended to read:
             681           59-2-918. Advertisement of proposed tax increase -- Notice -- Contents.
             682          (1) (a) Except as provided in Subsection (1)(b), a taxing entity may not budget an
             683      increased amount of ad valorem tax revenue exclusive of revenue from new growth as defined
             684      in Subsection 59-2-924 [(2)](4) unless it advertises its intention to do so at the same time that it
             685      advertises its intention to fix its budget for the forthcoming fiscal year.
             686          (b) (i) Notwithstanding Subsection (1)(a), a taxing entity is not required to meet the
             687      advertisement or hearing requirements of this section if:
             688          [(A) the taxing entity:]
             689          [(I) collected less than $15,000 in ad valorem tax revenues for the previous fiscal year;
             690      or]
             691          [(II)] (A) the taxing entity is expressly exempted by law from complying with the
             692      requirements of this section; or
             693          (B) the increased amount of ad valorem tax revenue results from a tax rate increase that
             694      is exempted under Subsection 59-2-919 [(1)](2)(a)(ii)(B) from the advertisement and hearing
             695      requirements of Section 59-2-919 .
             696          (ii) Notwithstanding Subsection (1)(a), a taxing entity is not required to meet the
             697      advertisement requirements of this section if:
             698          (A) Section 53A-17a-133 allows the taxing entity to budget an increased amount of ad
             699      valorem property tax revenue without having to comply with the advertisement requirements of
             700      this section[.]; or
             701          (B) the taxing entity:


             702          (I) collected less than $20,000 in ad valorem tax revenues for the previous fiscal year;
             703      and
             704          (II) sets a budget during the current fiscal year of less than $20,000 of ad valorem tax
             705      revenues.
             706          (2) (a) For taxing entities operating under a July 1 through June 30 fiscal year, the
             707      advertisement required by this section may be combined with the advertisement required by
             708      Section 59-2-919 .
             709          (b) For taxing entities operating under a January 1 through December 31 fiscal year, the
             710      advertisement required by this section shall meet the size, type, placement, and frequency
             711      requirements established under Section 59-2-919 .
             712          (3) The form of the advertisement required by this section shall meet the size, type,
             713      placement, and frequency requirements established under Section 59-2-919 and shall be
             714      substantially as follows:
             715     
"NOTICE OF PROPOSED TAX INCREASE

             716     
(NAME OF TAXING ENTITY)

             717          The (name of the taxing entity) is proposing to increase its property tax revenue.
             718          *    If the proposed budget is approved, this would be an increase of _____% above
             719      the (name of the taxing entity) property tax budgeted revenue for the prior year.
             720          *    The (name of the taxing entity) tax on a (insert the average value of a residence
             721      in the taxing entity rounded to the nearest thousand dollars) residence would
             722      increase from $______ to $________, which is $_______ per year.
             723          *    The (name of the taxing entity) tax on a (insert the value of a business having the
             724      same value as the average value of a residence in the taxing entity) business
             725      would increase from $________ to $_______, which is $______ per year.
             726          All concerned citizens are invited to a public hearing on the tax increase.
             727     
PUBLIC HEARING

             728          Date/Time:    (date) (time)
             729          Location:    (name of meeting place and address of meeting place)


             730          To obtain more information regarding the tax increase, citizens may contact the (name
             731      of the taxing entity) at (phone number of taxing entity)."
             732          (4) If a final decision regarding the budgeting of an increased amount of ad valorem tax
             733      revenue is not made at the public hearing described in Subsection (3), the taxing entity shall
             734      announce at the public hearing the scheduled time and place for consideration and adoption of
             735      the proposed budget increase.
             736          (5) (a) Each taxing entity operating under the January 1 through December 31 fiscal
             737      year shall by March 1 notify the county of the date, time, and place of the public hearing at
             738      which the budget for the following fiscal year will be considered.
             739          (b) The county shall include the information described in Subsection (5)(a) with the tax
             740      notice.
             741          (6) A taxing entity shall hold a public hearing under this section beginning at or after 6
             742      p.m.
             743          Section 14. Section 59-2-918.5 is amended to read:
             744           59-2-918.5. Hearings on judgment levies -- Advertisement.
             745          (1) A taxing entity may not impose a judgment levy unless it first advertises its intention
             746      to do so and holds a public hearing in accordance with the requirements of this section.
             747          (2) (a) The advertisement required by this section may be combined with the
             748      advertisement required by either Section 59-2-918 or Section 59-2-919 .
             749          (b) The advertisement shall be at least 1/8 of a page in size and shall meet the type,
             750      placement, and frequency requirements established under Section 59-2-919 .
             751          (c) (i) For taxing entities operating under a July 1 through June 30 fiscal year the public
             752      hearing shall be held at the same time as the hearing at which the annual budget is adopted.
             753          (ii) For taxing entities operating under a January 1 through December 31 fiscal year:
             754          (A) for eligible judgments issued from June 1 through December 15, the public hearing
             755      shall be held at the same time as the hearing at which the annual budget is adopted; and
             756          (B) for eligible judgments issued from December 16 through May 31, the public hearing
             757      shall be held at the same time as the hearing at which property tax levies are set.


             758          (3) The advertisement shall specify the date, time, and location of the public hearing at
             759      which the levy will be considered and shall set forth the total amount of the eligible judgment
             760      and the tax impact on an average residential and business property located within the taxing
             761      entity.
             762          (4) If a final decision regarding the judgment levy is not made at the public hearing, the
             763      taxing entity shall announce at the public hearing the scheduled time and place for consideration
             764      and adoption of the judgment levy.
             765          (5) The date, time, and place of public hearings required by Subsections
             766      59-2-918.5 (2)(c)(i) and 59-2-918.5 (2)(c)(ii)(B) shall be included on the notice mailed to
             767      property owners pursuant to [Subsection 59-2-919 (4)] Section 59-2-919.1 .
             768          Section 15. Section 59-2-918.6 is amended to read:
             769           59-2-918.6. New and remaining school district budgets -- Advertisement -- Public
             770      hearing.
             771          (1) As used in this section, "existing school district," "new school district," and
             772      "remaining school district" are as defined in Section 53A-2-117 .
             773          (2) For the first fiscal year in which a new school district created under Section
             774      53A-2-118.1 assumes responsibility for providing student instruction, the new school district
             775      and the remaining school district or districts may not impose a property tax unless the district
             776      imposing the tax:
             777          (a) advertises its intention to do so in accordance with Subsection (3); and
             778          (b) holds a public hearing in accordance with Subsection (4).
             779          (3) The advertisement required by this section:
             780          (a) may be combined with the advertisement required by either Section 59-2-918 or
             781      59-2-919 ;
             782          (b) shall be at least 1/4 of a page in size and shall meet the type, placement, and
             783      frequency requirements established under Section 59-2-919 ; and
             784          (c) shall specify the date, time, and location of the public hearing at which the levy will
             785      be considered and shall set forth the total amount of the district's proposed property tax levy


             786      and the tax impact on an average residential and business property located within the taxing
             787      entity compared to the property tax levy imposed in the prior year by the existing school
             788      district.
             789          (4) (a) The date, time, and place of public hearings required by this section shall be
             790      included on the notice mailed to property owners pursuant to [Subsection 59-2-919 (4)] Section
             791      59-2-919.1 .
             792          (b) If a final decision regarding the property tax levy is not made at the public hearing,
             793      the school district shall announce at the public hearing the scheduled time and place for
             794      consideration and adoption of the budget and property tax levies.
             795          Section 16. Section 59-2-919 is amended to read:
             796           59-2-919. Resolution proposing tax increases -- Notice -- Contents of notice of
             797      proposed tax increase -- Hearing -- Dates.
             798          (1) A tax rate in excess of the certified tax rate may not be levied until a resolution has
             799      been approved by the taxing entity in accordance [with the following procedure:] with this
             800      section.
             801          [(1)] (2) (a) (i) The taxing entity shall advertise its intent to exceed the certified tax rate
             802      in a newspaper or combination of newspapers of general circulation in the taxing entity.
             803          (ii) Notwithstanding Subsection [(1)] (2)(a)(i), a taxing entity is not required to meet
             804      the advertisement or hearing requirements of this section if:
             805          [(A) the taxing entity:]
             806          [(I) collected less than $15,000 in ad valorem tax revenues for the previous fiscal year;
             807      or]
             808          [(II)] (A) the taxing entity is expressly exempted by law from complying with the
             809      requirements of this section; or
             810          (B) (I) the taxing entity is a party to an interlocal agreement under Title 11, Chapter 13,
             811      Interlocal Cooperation Act, that creates an interlocal entity to provide fire protection,
             812      emergency, and emergency medical services;
             813          (II) the tax rate increase is approved by the taxing entity's voters at an election held for


             814      that purpose on or before December 31, 2010;
             815          (III) the purpose of the tax rate increase is to pay for fire protection, emergency, and
             816      emergency medical services provided by the interlocal entity; and
             817          (IV) at least 30 days before its annual budget hearing, the taxing entity:
             818          (Aa) adopts a resolution certifying that the taxing entity will dedicate all revenue from
             819      the tax rate increase exclusively to pay for fire protection, emergency, and emergency medical
             820      services provided by the interlocal entity and that the amount of other revenues, independent of
             821      the revenue generated from the tax rate increase, that the taxing entity spends for fire
             822      protection, emergency, and emergency medical services each year after the tax rate increase will
             823      not decrease below the amount spent by the taxing entity during the year immediately before the
             824      tax rate increase without a corresponding decrease in the taxing entity's property tax revenues
             825      used in calculating the taxing entity's certified tax rate; and
             826          (Bb) sends a copy of the resolution to the commission.
             827          (iii) The exception under Subsection [(1)] (2)(a)(ii)(B) from the advertisement and
             828      hearing requirements of this section does not apply to an increase in a taxing entity's tax rate
             829      that occurs after December 31, 2010, even if the tax rate increase is approved by the taxing
             830      entity's voters before that date.
             831          (iv) Notwithstanding Subsection [(1)] (2)(a)(i), a taxing entity is not required to meet
             832      the advertisement requirements of this section if:
             833          (A) Section 53A-17a-133 allows the taxing entity to levy a tax rate that exceeds that
             834      certified tax rate without having to comply with the advertisement requirements of this
             835      section[.]; or
             836          (B) the taxing entity:
             837          (I) collected less than $20,000 in ad valorem tax revenues for the previous fiscal year;
             838      and
             839          (II) sets a budget during the current fiscal year of less than $20,000 of ad valorem tax
             840      revenues.
             841          (b) The advertisement described in this section shall:


             842          (i) be no less than 1/4 page in size;
             843          (ii) use type no smaller than 18 point; and
             844          (iii) be surrounded by a 1/4-inch border.
             845          (c) The advertisement described in this section may not be placed in that portion of the
             846      newspaper where legal notices and classified advertisements appear.
             847          (d) It is the intent of the Legislature that:
             848          (i) whenever possible, the advertisement described in this section appear in a newspaper
             849      that is published at least one day per week; and
             850          (ii) the newspaper or combination of newspapers selected:
             851          (A) be of general interest and readership in the taxing entity; and
             852          (B) not be of limited subject matter.
             853          (e) The advertisement described in this section shall:
             854          (i) be run once each week for the two weeks preceding the adoption of the final budget;
             855      and
             856          (ii) state that the taxing entity will meet on a certain day, time, and place fixed in the
             857      advertisement, which shall be not less than seven days after the day the first advertisement is
             858      published, for the purpose of hearing comments regarding any proposed increase and to explain
             859      the reasons for the proposed increase.
             860          (f) The meeting on the proposed increase may coincide with the hearing on the
             861      proposed budget of the taxing entity.
             862          [(2)] (3) The form and content of the notice shall be substantially as follows:
             863     
"NOTICE OF PROPOSED TAX INCREASE

             864     
(NAME OF TAXING ENTITY)

             865          The (name of the taxing entity) is proposing to increase its property tax revenue.
             866          *    If the proposed budget is approved, this would be an increase of _____% above
             867      the (name of the taxing entity) property tax budgeted revenue for the prior year.
             868          *    The (name of the taxing entity) tax on a (insert the average value of a residence
             869      in the taxing entity rounded to the nearest thousand dollars) residence would


             870      increase from $______ to $________, which is $_______ per year.
             871          *    The (name of the taxing entity) tax on a (insert the value of a business having the
             872      same value as the average value of a residence in the taxing entity) business
             873      would increase from $________ to $_______, which is $______ per year.
             874          (Name of taxing entity) property tax revenue from new growth and other sources will
             875      increase from $_______________ to $______________.
             876          All concerned citizens are invited to a public hearing on the tax increase.
             877     
PUBLIC HEARING

             878          Date/Time:    (date) (time)
             879          Location:    (name of meeting place and address of meeting place)
             880          To obtain more information regarding the tax increase, citizens may contact the (name
             881      of the taxing entity) at (phone number of taxing entity)."
             882          [(3)] (4) The commission:
             883          (a) shall adopt rules governing the joint use of one advertisement under this section or
             884      Section 59-2-918 by two or more taxing entities; and
             885          (b) may, upon petition by any taxing entity, authorize either:
             886          (i) the use of weekly newspapers in counties having both daily and weekly newspapers
             887      where the weekly newspaper would provide equal or greater notice to the taxpayer; or
             888          (ii) the use of a commission-approved direct notice to each taxpayer if the:
             889          (A) cost of the advertisement would cause undue hardship; and
             890          (B) direct notice is different and separate from that provided for in Subsection [(4)] (5).
             891          [(4) (a) In addition to providing the notice required by Subsections (1) and (2), the
             892      county auditor, on or before July 22 of each year, shall notify, by mail, each owner of real estate
             893      as defined in Section 59-2-102 who is listed on the assessment roll.]
             894          [(b) The notice described in Subsection (4)(a) shall:]
             895          [(i) be sent to all owners of real property by mail not less than ten days before the day
             896      on which:]
             897          [(A) the county board of equalization meets; and]


             898          [(B) the taxing entity holds a public hearing on the proposed increase in the certified tax
             899      rate;]
             900          [(ii) be printed on a form that is:]
             901          [(A) approved by the commission; and]
             902          [(B) uniform in content in all counties in the state; and]
             903          [(iii) contain for each property:]
             904          [(A) the value of the property;]
             905          [(B) the date the county board of equalization will meet to hear complaints on the
             906      valuation;]
             907          [(C) itemized tax information for all taxing entities, including a separate statement for
             908      the minimum school levy under Section 53A-17a-135 stating:]
             909          [(I) the dollar amount the taxpayer would have paid based on last year's rate; and]
             910          [(II) the amount of the taxpayer's liability under the current rate;]
             911          [(D) the tax impact on the property;]
             912          [(E) the time and place of the required public hearing for each entity;]
             913          [(F) property tax information pertaining to:]
             914          [(I) taxpayer relief;]
             915          [(II) options for payment of taxes; and]
             916          [(III) collection procedures;]
             917          [(G) information specifically authorized to be included on the notice under Title 59,
             918      Chapter 2, Property Tax Act; and]
             919          [(H) other property tax information approved by the commission.]
             920          (5) (a) The taxing entity, after holding a hearing as provided in this section, may adopt a
             921      resolution levying a tax rate in excess of the certified tax rate.
             922          (b) If a resolution adopting a tax rate is not adopted on the day of the public hearing,
             923      the scheduled time and place for consideration and adoption of the resolution shall be
             924      announced at the public hearing.
             925          (c) If a resolution adopting a tax rate is to be considered at a day and time that is more


             926      than two weeks after the public hearing described in Subsection [(4)(b)(iii)(E)]
             927      59-2-919.1 (2)(c)(v), a taxing entity, other than a taxing entity described in Subsection [(1)]
             928      (2)(a)(ii), shall advertise the date of the proposed adoption of the resolution in the same manner
             929      as provided under Subsections [(1)] (2) and [(2)] (3).
             930          (6) (a) All hearings described in this section shall be open to the public.
             931          (b) The governing body of a taxing entity conducting a hearing shall permit all
             932      interested parties desiring to be heard an opportunity to present oral testimony within
             933      reasonable time limits.
             934          (7) (a) Each taxing entity shall notify the county legislative body by March 1 of each
             935      year of the date, time, and place a public hearing is held by the taxing entity pursuant to this
             936      section.
             937          (b) A taxing entity may not schedule a hearing described in this section at the same time
             938      as another overlapping taxing entity in the same county, but all taxing entities in which the
             939      power to set tax levies is vested in the same governing board or authority may consolidate the
             940      required hearings into one hearing.
             941          (c) The county legislative body shall resolve any conflicts in hearing dates and times
             942      after consultation with each affected taxing entity.
             943          (8) A taxing entity shall hold a public hearing under this section beginning at or after 6
             944      p.m.
             945          Section 17. Section 59-2-919.1 is enacted to read:
             946          59-2-919.1. Property tax notice requirement -- Content of notice.
             947          (1) On or before July 22 of each year, the county auditor shall notify, by mail, each
             948      owner of real estate as defined in Section 59-2-102 who is listed on the assessment roll.
             949          (2) The notice described in Subsection (1) shall:
             950          (a) be sent to all owners of real property by mail not less than ten days before the day
             951      on which:
             952          (i) the county board of equalization meets; and
             953          (ii) a taxing entity holds a public hearing on a proposed increase in the certified tax rate;


             954          (b) be printed on a form that is:
             955          (i) approved by the commission; and
             956          (ii) uniform in content in all counties in the state; and
             957          (c) contain for each property:
             958          (i) the value of the property;
             959          (ii) the date the county board of equalization will meet to hear complaints on the
             960      valuation;
             961          (iii) itemized tax information for all taxing entities, including a separate statement for
             962      the minimum school levy under Section 53A-17a-135 stating:
             963          (A) the dollar amount the taxpayer would have paid based on last year's rate; and
             964          (B) the amount of the taxpayer's liability under the current rate;
             965          (iv) the tax impact on the property;
             966          (v) the time and place of a required public hearing for each entity;
             967          (vi) property tax information pertaining to:
             968          (A) taxpayer relief;
             969          (B) options for payment of taxes; and
             970          (C) collection procedures;
             971          (vii) information specifically authorized to be included on the notice under Title 59,
             972      Chapter 2, Property Tax Act; and
             973          (viii) other property tax information approved by the commission.
             974          Section 18. Section 59-2-924 is amended to read:
             975           59-2-924. Report of valuation of property to county auditor and commission --
             976      Transmittal by auditor to governing bodies -- Certified tax rate -- Calculation of certified
             977      tax rate -- Rulemaking authority -- Adoption of tentative budget.
             978          (1) [(a)] Before June 1 of each year, the county assessor of each county shall deliver to
             979      the county auditor and the commission the following statements:
             980          [(i)] (a) a statement containing the aggregate valuation of all taxable property in each
             981      taxing entity; and


             982          [(ii)] (b) a statement containing the taxable value of any additional personal property
             983      estimated by the county assessor to be subject to taxation in the current year.
             984          [(b)] (2) The county auditor shall, on or before June 8, transmit to the governing body
             985      of each taxing entity:
             986          [(i)] (a) the statements described in Subsections (1)(a)[(i)] and [(ii)] (b);
             987          [(ii)] (b) an estimate of the revenue from personal property;
             988          [(iii)] (c) the certified tax rate; and
             989          [(iv)] (d) all forms necessary to submit a tax levy request.
             990          [(2)] (3) (a) [(i)] The "certified tax rate" means a tax rate that will provide the same ad
             991      valorem property tax revenues for a taxing entity as were budgeted by that taxing entity for the
             992      prior year.
             993          [(ii)] (b) For purposes of this Subsection [(2)] (3), "ad valorem property tax revenues"
             994      do not include:
             995          [(A)] (i) collections from redemptions;
             996          [(B)] (ii) interest;
             997          [(C)] (iii) penalties; and
             998          [(D)] (iv) revenue received by a taxing entity from personal property that is:
             999          [(I)] (A) assessed by a county assessor in accordance with Part 3, County Assessment;
             1000      and
             1001          [(II)] (B) semiconductor manufacturing equipment.
             1002          [(iii) (A)] (c) (i) Except as otherwise provided in this section, the certified tax rate shall
             1003      be calculated by dividing the ad valorem property tax revenues budgeted for the prior year by
             1004      the taxing entity by the amount calculated under Subsection [(2)(a)(iii)(B)] (3)(c)(ii).
             1005          [(B)] (ii) For purposes of Subsection [(2)(a)(iii)(A)] (3)(c)(i), the legislative body of a
             1006      taxing entity shall calculate an amount as follows:
             1007          [(I)] (A) calculate for the taxing entity the difference between:
             1008          [(Aa)] (I) the aggregate taxable value of all property taxed; and
             1009          [(Bb)] (II) any redevelopment adjustments for the current calendar year;


             1010          [(II)] (B) after making the calculation required by Subsection [(2)(a)(iii)(B)(I)]
             1011      (3)(c)(ii)(A), calculate an amount determined by increasing or decreasing the amount calculated
             1012      under Subsection [(2)(a)(iii)(B)(I)] (3)(c)(ii)(A) by the average of the percentage net change in
             1013      the value of taxable property for the equalization period for the three calendar years
             1014      immediately preceding the current calendar year;
             1015          [(III)] (C) after making the calculation required by Subsection [(2)(a)(iii)(B)(II)]
             1016      (3)(c)(ii)(B), calculate the product of:
             1017          [(Aa)] (I) the amount calculated under Subsection [(2)(a)(iii)(B)(II)] (3)(c)(ii)(B); and
             1018          [(Bb)] (II) the percentage of property taxes collected for the five calendar years
             1019      immediately preceding the current calendar year; and
             1020          [(IV)] (D) after making the calculation required by Subsection [(2)(a)(iii)(B)(III)]
             1021      (3)(c)(ii)(C), calculate an amount determined by subtracting from the amount calculated under
             1022      Subsection [(2)(a)(iii)(B)(III)] (3)(c)(ii)(C) any new growth as defined in this section:
             1023          [(Aa)] (I) within the taxing entity; and
             1024          [(Bb)] (II) for the current calendar year.
             1025          [(C)] (iii) For purposes of Subsection [(2)(a)(iii)(B)(I)] (3)(c)(ii)(A), the aggregate
             1026      taxable value of all property taxed:
             1027          [(I)] (A) except as provided in Subsection [(2)(a)(iii)(C)(II)] (3)(c)(iii)(B), includes the
             1028      total taxable value of the real and personal property contained on the tax rolls of the taxing
             1029      entity; and
             1030          [(II)] (B) does not include the total taxable value of personal property contained on the
             1031      tax rolls of the taxing entity that is:
             1032          [(Aa)] (I) assessed by a county assessor in accordance with Part 3, County Assessment;
             1033      and
             1034          [(Bb)] (II) semiconductor manufacturing equipment.
             1035          [(D)] (iv) For purposes of Subsection [(2)(a)(iii)(B)(II)] (3)(c)(ii)(B), for calendar years
             1036      beginning on or after January 1, 2007, the value of taxable property does not include the value
             1037      of personal property that is:


             1038          [(I)] (A) within the taxing entity assessed by a county assessor in accordance with Part
             1039      3, County Assessment; and
             1040          [(II)] (B) semiconductor manufacturing equipment.
             1041          [(E)] (v) For purposes of Subsection [(2)(a)(iii)(B)(III)(Bb)] (3)(c)(ii)(C)(II), for
             1042      calendar years beginning on or after January 1, 2007, the percentage of property taxes collected
             1043      does not include property taxes collected from personal property that is:
             1044          [(I)] (A) within the taxing entity assessed by a county assessor in accordance with Part
             1045      3, County Assessment; and
             1046          [(II)] (B) semiconductor manufacturing equipment.
             1047          [(F)] (vi) In accordance with Title 63, Chapter 46a, Utah Administrative Rulemaking
             1048      Act, the commission may prescribe rules for calculating redevelopment adjustments for a
             1049      calendar year.
             1050          [(iv) (A)] (d) (i) In accordance with Title 63, Chapter 46a, Utah Administrative
             1051      Rulemaking Act, the commission shall make rules determining the calculation of ad valorem
             1052      property tax revenues budgeted by a taxing entity.
             1053          [(B)] (ii) For purposes of Subsection [(2)(a)(iv)(A)] (3)(d)(i), ad valorem property tax
             1054      revenues budgeted by a taxing entity shall be calculated in the same manner as budgeted
             1055      property tax revenues are calculated for purposes of Section 59-2-913 .
             1056          [(v)] (e) The certified tax rates for the taxing entities described in this Subsection
             1057      [(2)(a)(v)] (3)(e) shall be calculated as follows:
             1058          [(A)] (i) except as provided in Subsection [(2)(a)(v)(B)] (3)(e)(ii), for new taxing
             1059      entities the certified tax rate is zero;
             1060          [(B)] (ii) for each municipality incorporated on or after July 1, 1996, the certified tax
             1061      rate is:
             1062          [(I)] (A) in a county of the first, second, or third class, the levy imposed for
             1063      municipal-type services under Sections 17-34-1 and 17-36-9 ; and
             1064          [(II)] (B) in a county of the fourth, fifth, or sixth class, the levy imposed for general
             1065      county purposes and such other levies imposed solely for the municipal-type services identified


             1066      in Section 17-34-1 and Subsection 17-36-3 (22); and
             1067          [(C)] (iii) for debt service voted on by the public, the certified tax rate shall be the
             1068      actual levy imposed by that section, except that the certified tax rates for the following levies
             1069      shall be calculated in accordance with Section 59-2-913 and this section:
             1070          [(I)] (A) school leeways provided for under Sections 11-2-7 , 53A-16-110 ,
             1071      [ 53A-17a-125 ,] 53A-17a-127 , 53A-17a-133 , 53A-17a-134 , 53A-17a-143 , and 53A-17a-145 [,
             1072      and 53A-21-103 ]; and
             1073          [(II)] (B) levies to pay for the costs of state legislative mandates or judicial or
             1074      administrative orders under Section 59-2-906.3 .
             1075          [(vi) (A)] (f) (i) A judgment levy imposed under Section 59-2-1328 or 59-2-1330 shall
             1076      be established at that rate which is sufficient to generate only the revenue required to satisfy one
             1077      or more eligible judgments, as defined in Section 59-2-102 .
             1078          [(B)] (ii) The ad valorem property tax revenue generated by the judgment levy shall not
             1079      be considered in establishing the taxing entity's aggregate certified tax rate.
             1080          [(b) (i)] (4) (a) For the purpose of calculating the certified tax rate, the county auditor
             1081      shall use the taxable value of property on the assessment roll.
             1082          [(ii)] (b) For purposes of Subsection [(2)(b)(i)] (4)(a)(i), the taxable value of real
             1083      property on the assessment roll does not include:
             1084          [(A)] (i) new growth as defined in Subsection [(2)(b)(iii); or] (4)(c); or
             1085          [(B)] (ii) the total taxable value of personal property contained on the tax rolls of the
             1086      taxing entity that is:
             1087          [(I)] (A) assessed by a county assessor in accordance with Part 3, County Assessment;
             1088      and
             1089          [(II)] (B) semiconductor manufacturing equipment.
             1090          [(iii)] (c) "New growth" means:
             1091          [(A)] (i) the difference between the increase in taxable value of the taxing entity from
             1092      the previous calendar year to the current year; minus
             1093          [(B)] (ii) the amount of an increase in taxable value described in Subsection [(2)(b)(v)]


             1094      (4)(e).
             1095          [(iv)] (d) For purposes of Subsection [(2)(b)(iii)] (4)(c)(ii), the taxable value of the
             1096      taxing entity does not include the taxable value of personal property that is:
             1097          [(A)] (i) contained on the tax rolls of the taxing entity if that property is assessed by a
             1098      county assessor in accordance with Part 3, County Assessment; and
             1099          [(B)] (ii) semiconductor manufacturing equipment.
             1100          [(v)] (e) Subsection [(2)(b)(iii)(B)] (4)(c)(ii) applies to the following increases in
             1101      taxable value:
             1102          [(A)] (i) the amount of increase to locally assessed real property taxable values resulting
             1103      from factoring, reappraisal, or any other adjustments; or
             1104          [(B)] (ii) the amount of an increase in the taxable value of property assessed by the
             1105      commission under Section 59-2-201 resulting from a change in the method of apportioning the
             1106      taxable value prescribed by:
             1107          [(I)] (A) the Legislature;
             1108          [(II)] (B) a court;
             1109          [(III)] (C) the commission in an administrative rule; or
             1110          [(IV)] (D) the commission in an administrative order.
             1111          [(c) Beginning January 1, 1997, if a taxing entity receives increased revenues from
             1112      uniform fees on tangible personal property under Section 59-2-404 , 59-2-405 , 59-2-405.1 ,
             1113      59-2-405.2 , or 59-2-405.3 as a result of any county imposing a sales and use tax under Chapter
             1114      12, Part 11, County Option Sales and Use Tax, the taxing entity shall decrease its certified tax
             1115      rate to offset the increased revenues.]
             1116          [(d) (i) Beginning July 1, 1997, if a county has imposed a sales and use tax under
             1117      Chapter 12, Part 11, County Option Sales and Use Tax, the county's certified tax rate shall be:]
             1118          [(A) decreased on a one-time basis by the amount of the estimated sales and use tax
             1119      revenue to be distributed to the county under Subsection 59-12-1102 (3); and]
             1120          [(B) increased by the amount necessary to offset the county's reduction in revenue from
             1121      uniform fees on tangible personal property under Section 59-2-404 , 59-2-405 , 59-2-405.1 ,


             1122      59-2-405.2 , or 59-2-405.3 as a result of the decrease in the certified tax rate under Subsection
             1123      (2)(d)(i)(A).]
             1124          [(ii) The commission shall determine estimates of sales and use tax distributions for
             1125      purposes of Subsection (2)(d)(i).]
             1126          [(e) Beginning January 1, 1998, if a municipality has imposed an additional resort
             1127      communities sales tax under Section 59-12-402 , the municipality's certified tax rate shall be
             1128      decreased on a one-time basis by the amount necessary to offset the first 12 months of estimated
             1129      revenue from the additional resort communities sales and use tax imposed under Section
             1130      59-12-402 .]
             1131          [(f) (i) (A) For fiscal year 2000, the certified tax rate of each county required under
             1132      Subsection 17-34-1 (4)(a) to provide advanced life support and paramedic services to the
             1133      unincorporated area of the county shall be decreased by the amount necessary to reduce
             1134      revenues in that fiscal year by an amount equal to the difference between the amount the county
             1135      budgeted in its 2000 fiscal year budget for advanced life support and paramedic services
             1136      countywide and the amount the county spent during fiscal year 2000 for those services,
             1137      excluding amounts spent from a municipal services fund for those services.]
             1138          [(B) For fiscal year 2001, the certified tax rate of each county to which Subsection
             1139      (2)(f)(i)(A) applies shall be decreased by the amount necessary to reduce revenues in that fiscal
             1140      year by the amount that the county spent during fiscal year 2000 for advanced life support and
             1141      paramedic services countywide, excluding amounts spent from a municipal services fund for
             1142      those services.]
             1143          [(ii) (A) A city or town located within a county of the first class to which Subsection
             1144      (2)(f)(i) applies may increase its certified tax rate by the amount necessary to generate within
             1145      the city or town the same amount of revenues as the county would collect from that city or
             1146      town if the decrease under Subsection (2)(f)(i) did not occur.]
             1147          [(B) An increase under Subsection (2)(f)(ii)(A), whether occurring in a single fiscal year
             1148      or spread over multiple fiscal years, is not subject to the notice and hearing requirements of
             1149      Sections 59-2-918 and 59-2-919 .]


             1150          [(g) (i) The certified tax rate of each county required under Subsection 17-34-1 (4)(b) to
             1151      provide detective investigative services to the unincorporated area of the county shall be
             1152      decreased:]
             1153          [(A) in fiscal year 2001 by the amount necessary to reduce revenues in that fiscal year
             1154      by at least $4,400,000; and]
             1155          [(B) in fiscal year 2002 by the amount necessary to reduce revenues in that fiscal year
             1156      by an amount equal to the difference between $9,258,412 and the amount of the reduction in
             1157      revenues under Subsection (2)(g)(i)(A).]
             1158          [(ii) (A) (I) Beginning with municipal fiscal year 2002, a city or town located within a
             1159      county to which Subsection (2)(g)(i) applies may increase its certified tax rate to generate
             1160      within the city or town the same amount of revenue as the county would have collected during
             1161      county fiscal year 2001 from within the city or town except for Subsection (2)(g)(i)(A).]
             1162          [(II) Beginning with municipal fiscal year 2003, a city or town located within a county
             1163      to which Subsection (2)(g)(i) applies may increase its certified tax rate to generate within the
             1164      city or town the same amount of revenue as the county would have collected during county
             1165      fiscal year 2002 from within the city or town except for Subsection (2)(g)(i)(B).]
             1166          [(B) (I) Except as provided in Subsection (2)(g)(ii)(B)(II), an increase in the city or
             1167      town's certified tax rate under Subsection (2)(g)(ii)(A), whether occurring in a single fiscal year
             1168      or spread over multiple fiscal years, is subject to the notice and hearing requirements of Sections
             1169      59-2-918 and 59-2-919 .]
             1170          [(II) For an increase under this Subsection (2)(g)(ii) that generates revenue that does
             1171      not exceed the same amount of revenue as the county would have collected except for
             1172      Subsection (2)(g)(i), the requirements of Sections 59-2-918 and 59-2-919 do not apply if the
             1173      city or town:]
             1174          [(Aa) publishes a notice that meets the size, type, placement, and frequency
             1175      requirements of Section 59-2-919 , reflects that the increase is a shift of a tax from one imposed
             1176      by the county to one imposed by the city or town, and explains how the revenues from the tax
             1177      increase will be used; and]


             1178          [(Bb) holds a public hearing on the tax shift that may be held in conjunction with the
             1179      city or town's regular budget hearing.]
             1180          [(h) (i) This Subsection (2)(h) applies to each county that:]
             1181          [(A) establishes a countywide special service district under Title 17A, Chapter 2, Part
             1182      13, Utah Special Service District Act, to provide jail service, as provided in Subsection
             1183      17A-2-1304 (1)(a)(x); and]
             1184          [(B) levies a property tax on behalf of the special service district under Section
             1185      17A-2-1322 .]
             1186          [(ii) (A) The certified tax rate of each county to which this Subsection (2)(h) applies
             1187      shall be decreased by the amount necessary to reduce county revenues by the same amount of
             1188      revenues that will be generated by the property tax imposed on behalf of the special service
             1189      district.]
             1190          [(B) Each decrease under Subsection (2)(h)(ii)(A) shall occur contemporaneously with
             1191      the levy on behalf of the special service district under Section 17A-2-1322 .]
             1192          [(i) (i) As used in this Subsection (2)(i):]
             1193          [(A) "Annexing county" means a county whose unincorporated area is included within a
             1194      fire district by annexation.]
             1195          [(B) "Annexing municipality" means a municipality whose area is included within a fire
             1196      district by annexation.]
             1197          [(C) "Equalized fire protection tax rate" means the tax rate that results from:]
             1198          [(I) calculating, for each participating county and each participating municipality, the
             1199      property tax revenue necessary to cover all of the costs associated with providing fire
             1200      protection, paramedic, and emergency services:]
             1201          [(Aa) for a participating county, in the unincorporated area of the county; and]
             1202          [(Bb) for a participating municipality, in the municipality; and]
             1203          [(II) adding all the amounts calculated under Subsection (2)(i)(i)(C)(I) for all
             1204      participating counties and all participating municipalities and then dividing that sum by the
             1205      aggregate taxable value of the property, as adjusted in accordance with Section 59-2-913 :]


             1206          [(Aa) for participating counties, in the unincorporated area of all participating counties;
             1207      and]
             1208          [(Bb) for participating municipalities, in all the participating municipalities.]
             1209          [(D) "Fire district" means a service area under Title 17B, Chapter 2a, Part 9, Service
             1210      Area Act, in the creation of which an election was not required under Subsection
             1211      17B-1-214 (3)(c).]
             1212          [(E) "Fire protection tax rate" means:]
             1213          [(I) for an annexing county, the property tax rate that, when applied to taxable property
             1214      in the unincorporated area of the county, generates enough property tax revenue to cover all the
             1215      costs associated with providing fire protection, paramedic, and emergency services in the
             1216      unincorporated area of the county; and]
             1217          [(II) for an annexing municipality, the property tax rate that generates enough property
             1218      tax revenue in the municipality to cover all the costs associated with providing fire protection,
             1219      paramedic, and emergency services in the municipality.]
             1220          [(F) "Participating county" means a county whose unincorporated area is included
             1221      within a fire district at the time of the creation of the fire district.]
             1222          [(G) "Participating municipality" means a municipality whose area is included within a
             1223      fire district at the time of the creation of the fire district.]
             1224          [(ii) In the first year following creation of a fire district, the certified tax rate of each
             1225      participating county and each participating municipality shall be decreased by the amount of the
             1226      equalized fire protection tax rate.]
             1227          [(iii) In the first year following annexation to a fire district, the certified tax rate of each
             1228      annexing county and each annexing municipality shall be decreased by the fire protection tax
             1229      rate.]
             1230          [(iv) Each tax levied under this section by a fire district shall be considered to be levied
             1231      by:]
             1232          [(A) each participating county and each annexing county for purposes of the county's
             1233      tax limitation under Section 59-2-908 ; and]


             1234          [(B) each participating municipality and each annexing municipality for purposes of the
             1235      municipality's tax limitation under Section 10-5-112 , for a town, or Section 10-6-133 , for a
             1236      city.]
             1237          [(j) For the calendar year beginning on January 1, 2007, the calculation of a taxing
             1238      entity's certified tax rate shall be adjusted by the amount necessary to offset any change in the
             1239      certified tax rate that may result from excluding the following from the certified tax rate under
             1240      Subsection (2)(a) enacted by the Legislature during the 2007 General Session:]
             1241          [(i) personal property tax revenue:]
             1242          [(A) received by a taxing entity;]
             1243          [(B) assessed by a county assessor in accordance with Part 3, County Assessment; and]
             1244          [(C) for personal property that is semiconductor manufacturing equipment; or]
             1245          [(ii) the taxable value of personal property:]
             1246          [(A) contained on the tax rolls of a taxing entity;]
             1247          [(B) assessed by a county assessor in accordance with Part 3, County Assessment; and]
             1248          [(C) that is semiconductor manufacturing equipment.]
             1249          [(3)] (5) (a) On or before June 22, each taxing entity shall annually adopt a tentative
             1250      budget.
             1251          (b) If the taxing entity intends to exceed the certified tax rate, it shall notify the county
             1252      auditor of:
             1253          (i) its intent to exceed the certified tax rate; and
             1254          (ii) the amount by which it proposes to exceed the certified tax rate.
             1255          (c) The county auditor shall notify all property owners of any intent to exceed the
             1256      certified tax rate in accordance with Subsection 59-2-919 [(2)] (3).
             1257          [(4) (a) The taxable value for the base year under Subsection 17C-1-102 (6) shall be
             1258      reduced for any year to the extent necessary to provide a community development and renewal
             1259      agency established under Title 17C, Limited Purpose Local Government Entities - Community
             1260      Development and Renewal Agencies, with approximately the same amount of money the agency
             1261      would have received without a reduction in the county's certified tax rate if:]


             1262          [(i) in that year there is a decrease in the certified tax rate under Subsection (2)(c) or
             1263      (2)(d)(i);]
             1264          [(ii) the amount of the decrease is more than 20% of the county's certified tax rate of
             1265      the previous year; and]
             1266          [(iii) the decrease results in a reduction of the amount to be paid to the agency under
             1267      Section 17C-1-403 or 17C-1-404 .]
             1268          [(b) The base taxable value under Subsection 17C-1-102 (6) shall be increased in any
             1269      year to the extent necessary to provide a community development and renewal agency with
             1270      approximately the same amount of money as the agency would have received without an
             1271      increase in the certified tax rate that year if:]
             1272          [(i) in that year the base taxable value under Subsection 17C-1-102 (6) is reduced due to
             1273      a decrease in the certified tax rate under Subsection (2)(c) or (2)(d)(i); and]
             1274          [(ii) The certified tax rate of a city, school district, local district, or special service
             1275      district increases independent of the adjustment to the taxable value of the base year.]
             1276          [(c) Notwithstanding a decrease in the certified tax rate under Subsection (2)(c) or
             1277      (2)(d)(i), the amount of money allocated and, when collected, paid each year to a community
             1278      development and renewal agency established under Title 17C, Limited Purpose Local
             1279      Government Entities - Community Development and Renewal Agencies, for the payment of
             1280      bonds or other contract indebtedness, but not for administrative costs, may not be less than that
             1281      amount would have been without a decrease in the certified tax rate under Subsection (2)(c) or
             1282      (2)(d)(i).]
             1283          Section 19. Section 59-2-924.2 is enacted to read:
             1284          59-2-924.2. Adjustments to the calculation of a taxing entity's certified tax rate.
             1285          (1) For purposes of this section, "certified tax rate" means a certified tax rate calculated
             1286      in accordance with Section 59-2-924 .
             1287          (2) Beginning January 1, 1997, if a taxing entity receives increased revenues from
             1288      uniform fees on tangible personal property under Section 59-2-404 , 59-2-405 , 59-2-405.1 ,
             1289      59-2-405.2 , or 59-2-405.3 as a result of any county imposing a sales and use tax under Chapter


             1290      12, Part 11, County Option Sales and Use Tax, the taxing entity shall decrease its certified tax
             1291      rate to offset the increased revenues.
             1292          (3) (a) Beginning July 1, 1997, if a county has imposed a sales and use tax under
             1293      Chapter 12, Part 11, County Option Sales and Use Tax, the county's certified tax rate shall be:
             1294          (i) decreased on a one-time basis by the amount of the estimated sales and use tax
             1295      revenue to be distributed to the county under Subsection 59-12-1102 (3); and
             1296          (ii) increased by the amount necessary to offset the county's reduction in revenue from
             1297      uniform fees on tangible personal property under Section 59-2-404 , 59-2-405 , 59-2-405.1 ,
             1298      59-2-405.2 , or 59-2-405.3 as a result of the decrease in the certified tax rate under Subsection
             1299      (3)(a)(i).
             1300          (b) The commission shall determine estimates of sales and use tax distributions for
             1301      purposes of Subsection (3)(a).
             1302          (4) Beginning January 1, 1998, if a municipality has imposed an additional resort
             1303      communities sales and use tax under Section 59-12-402 , the municipality's certified tax rate
             1304      shall be decreased on a one-time basis by the amount necessary to offset the first 12 months of
             1305      estimated revenue from the additional resort communities sales and use tax imposed under
             1306      Section 59-12-402 .
             1307          (5) (a) This Subsection (5) applies to each county that:
             1308          (i) establishes a countywide special service district under Title 17A, Chapter 2, Part 13,
             1309      Utah Special Service District Act, to provide jail service, as provided in Subsection
             1310      17A-2-1304 (1)(a)(x); and
             1311          (ii) levies a property tax on behalf of the special service district under Section
             1312      17A-2-1322 .
             1313          (b) (i) The certified tax rate of each county to which this Subsection (5) applies shall be
             1314      decreased by the amount necessary to reduce county revenues by the same amount of revenues
             1315      that will be generated by the property tax imposed on behalf of the special service district.
             1316          (ii) Each decrease under Subsection (5)(b)(i) shall occur contemporaneously with the
             1317      levy on behalf of the special service district under Section 17A-2-1322 .


             1318          (6) (a) As used in this Subsection (6):
             1319          (i) "Annexing county" means a county whose unincorporated area is included within a
             1320      fire district by annexation.
             1321          (ii) "Annexing municipality" means a municipality whose area is included within a fire
             1322      district by annexation.
             1323          (iii) "Equalized fire protection tax rate" means the tax rate that results from:
             1324          (A) calculating, for each participating county and each participating municipality, the
             1325      property tax revenue necessary to cover all of the costs associated with providing fire
             1326      protection, paramedic, and emergency services:
             1327          (I) for a participating county, in the unincorporated area of the county; and
             1328          (II) for a participating municipality, in the municipality; and
             1329          (B) adding all the amounts calculated under Subsection (6)(a)(iii)(A) for all
             1330      participating counties and all participating municipalities and then dividing that sum by the
             1331      aggregate taxable value of the property, as adjusted in accordance with Section 59-2-913 :
             1332          (I) for participating counties, in the unincorporated area of all participating counties;
             1333      and
             1334          (II) for participating municipalities, in all the participating municipalities.
             1335          (iv) "Fire district" means a service area under Title 17B, Chapter 2a, Part 9, Service
             1336      Area Act, in the creation of which an election was not required under Subsection
             1337      17B-1-214 (3)(c).
             1338          (v) "Fire protection tax rate" means:
             1339          (A) for an annexing county, the property tax rate that, when applied to taxable property
             1340      in the unincorporated area of the county, generates enough property tax revenue to cover all the
             1341      costs associated with providing fire protection, paramedic, and emergency services in the
             1342      unincorporated area of the county; and
             1343          (B) for an annexing municipality, the property tax rate that generates enough property
             1344      tax revenue in the municipality to cover all the costs associated with providing fire protection,
             1345      paramedic, and emergency services in the municipality.


             1346          (vi) "Participating county" means a county whose unincorporated area is included
             1347      within a fire district at the time of the creation of the fire district.
             1348          (vii) "Participating municipality" means a municipality whose area is included within a
             1349      fire district at the time of the creation of the fire district.
             1350          (b) In the first year following creation of a fire district, the certified tax rate of each
             1351      participating county and each participating municipality shall be decreased by the amount of the
             1352      equalized fire protection tax rate.
             1353          (c) In the first year following annexation to a fire district, the certified tax rate of each
             1354      annexing county and each annexing municipality shall be decreased by the fire protection tax
             1355      rate.
             1356          (d) Each tax levied under this section by a fire district shall be considered to be levied
             1357      by:
             1358          (i) each participating county and each annexing county for purposes of the county's tax
             1359      limitation under Section 59-2-908 ; and
             1360          (ii) each participating municipality and each annexing municipality for purposes of the
             1361      municipality's tax limitation under Section 10-5-112 , for a town, or Section 10-6-133 , for a city.
             1362          (7) For the calendar year beginning on January 1, 2007, the calculation of a taxing
             1363      entity's certified tax rate, calculated in accordance with Section 59-2-924 , shall be adjusted by
             1364      the amount necessary to offset any change in the certified tax rate that may result from
             1365      excluding the following from the certified tax rate under Subsection 59-2-924 (3) enacted by the
             1366      Legislature during the 2007 General Session:
             1367          (a) personal property tax revenue:
             1368          (i) received by a taxing entity;
             1369          (ii) assessed by a county assessor in accordance with Part 3, County Assessment; and
             1370          (iii) for personal property that is semiconductor manufacturing equipment; or
             1371          (b) the taxable value of personal property:
             1372          (i) contained on the tax rolls of a taxing entity;
             1373          (ii) assessed by a county assessor in accordance with Part 3, County Assessment; and


             1374          (iii) that is semiconductor manufacturing equipment.
             1375          (8) (a) The taxable value for the base year under Subsection 17C-1-102 (6) shall be
             1376      reduced for any year to the extent necessary to provide a community development and renewal
             1377      agency established under Title 17C, Limited Purpose Local Government Entities - Community
             1378      Development and Renewal Agencies, with approximately the same amount of money the agency
             1379      would have received without a reduction in the county's certified tax rate, calculated in
             1380      accordance with Section 59-2-924 , if:
             1381          (i) in that year there is a decrease in the certified tax rate under Subsection (2) or (3)(a);
             1382          (ii) the amount of the decrease is more than 20% of the county's certified tax rate of the
             1383      previous year; and
             1384          (iii) the decrease results in a reduction of the amount to be paid to the agency under
             1385      Section 17C-1-403 or 17C-1-404 .
             1386          (b) The base taxable value under Subsection 17C-1-102 (6) shall be increased in any
             1387      year to the extent necessary to provide a community development and renewal agency with
             1388      approximately the same amount of money as the agency would have received without an
             1389      increase in the certified tax rate that year if:
             1390          (i) in that year the base taxable value under Subsection 17C-1-102 (6) is reduced due to
             1391      a decrease in the certified tax rate under Subsection (2) or (3)(a); and
             1392          (ii) the certified tax rate of a city, school district, local district, or special service district
             1393      increases independent of the adjustment to the taxable value of the base year.
             1394          (c) Notwithstanding a decrease in the certified tax rate under Subsection (2) or (3)(a),
             1395      the amount of money allocated and, when collected, paid each year to a community
             1396      development and renewal agency established under Title 17C, Limited Purpose Local
             1397      Government Entities - Community Development and Renewal Agencies, for the payment of
             1398      bonds or other contract indebtedness, but not for administrative costs, may not be less than that
             1399      amount would have been without a decrease in the certified tax rate under Subsection (2) or
             1400      (3)(a).
             1401          Section 20. Section 59-2-1004 is amended to read:


             1402           59-2-1004. Appeal to county board of equalization -- Real property -- Time
             1403      period for appeal -- Decision of board -- Extensions approved by commission -- Appeal to
             1404      commission.
             1405          (1) (a) A taxpayer dissatisfied with the valuation or the equalization of the taxpayer's
             1406      real property may make an application to appeal by:
             1407          (i) filing the application with the county board of equalization within the time period
             1408      described in Subsection (2); or
             1409          (ii) making an application by telephone or other electronic means within the time period
             1410      described in Subsection (2) if the county legislative body passes a resolution under Subsection
             1411      (5) authorizing applications to be made by telephone or other electronic means.
             1412          (b) The contents of the application shall be prescribed by rule of the county board of
             1413      equalization.
             1414          (2) (a) Except as provided in Subsection (2)(b), for purposes of Subsection (1), a
             1415      taxpayer shall make an application to appeal the valuation or the equalization of the taxpayer's
             1416      real property on or before the later of:
             1417          (i) September 15 of the current calendar year; or
             1418          (ii) the last day of a 45-day period beginning on the day on which the county auditor
             1419      mails the notice under [Subsection 59-2-919 (4)] Section 59-2-919.1 .
             1420          (b) Notwithstanding Subsection (2)(a), in accordance with Title 63, Chapter 46a, Utah
             1421      Administrative Rulemaking Act, the commission shall make rules providing for circumstances
             1422      under which the county board of equalization is required to accept an application to appeal that
             1423      is filed after the time period prescribed in Subsection (2)(a).
             1424          (3) The owner shall include in the application under Subsection (1)(a)(i) the owner's
             1425      estimate of the fair market value of the property and any evidence which may indicate that the
             1426      assessed valuation of the owner's property is improperly equalized with the assessed valuation
             1427      of comparable properties.
             1428          (4) (a) The county board of equalization shall meet and hold public hearings as
             1429      prescribed in Section 59-2-1001 .


             1430          (b) The county board of equalization shall make a decision on each appeal filed in
             1431      accordance with this section within a 60-day period after the day on which the application is
             1432      made.
             1433          (c) The commission may approve the extension of a time period provided for in
             1434      Subsection (4)(b) for a county board of equalization to make a decision on an appeal.
             1435          (d) The decision of the board shall contain a determination of the valuation of the
             1436      property based on fair market value, and a conclusion that the fair market value is properly
             1437      equalized with the assessed value of comparable properties.
             1438          (e) If no evidence is presented before the county board of equalization, it will be
             1439      presumed that the equalization issue has been met.
             1440          (f) (i) If the fair market value of the property that is the subject of the appeal deviates
             1441      plus or minus 5% from the assessed value of comparable properties, the valuation of the
             1442      appealed property shall be adjusted to reflect a value equalized with the assessed value of
             1443      comparable properties.
             1444          (ii) The equalized value established under Subsection (4)(f)(i) shall be the assessed
             1445      value for property tax purposes until the county assessor is able to evaluate and equalize the
             1446      assessed value of all comparable properties to bring them all into conformity with full fair
             1447      market value.
             1448          (5) If any taxpayer is dissatisfied with the decision of the county board of equalization,
             1449      the taxpayer may file an appeal with the commission as prescribed in Section 59-2-1006 .
             1450          (6) A county legislative body may pass a resolution authorizing taxpayers owing taxes
             1451      on property assessed by that county to file property tax appeals applications under this section
             1452      by telephone or other electronic means.
             1453          Section 21. Section 59-2-1330 is amended to read:
             1454           59-2-1330. Payment of property taxes -- Payments to taxpayer by state or taxing
             1455      entity -- Refund of penalties paid by taxpayer -- Refund of interest paid by taxpayer --
             1456      Payment of interest to taxpayer -- Judgment levy -- Objections to assessments by the
             1457      commission -- Time periods for making payments to taxpayer.


             1458          (1) Unless otherwise specifically provided by statute, property taxes shall be paid
             1459      directly to the county assessor or the county treasurer:
             1460          (a) on the date that the property taxes are due; and
             1461          (b) as provided in this chapter.
             1462          (2) A taxpayer shall receive payment as provided in this section if a reduction in the
             1463      amount of any tax levied against any property for which the taxpayer paid a tax or any portion
             1464      of a tax under this chapter for a calendar year is required by a final and unappealable judgment
             1465      or order described in Subsection (3) issued by:
             1466          (a) a county board of equalization;
             1467          (b) the commission; or
             1468          (c) a court of competent jurisdiction.
             1469          (3) (a) For purposes of Subsection (2), the state or any taxing entity that has received
             1470      property taxes or any portion of property taxes from a taxpayer described in Subsection (2)
             1471      shall pay the taxpayer if:
             1472          (i) the taxes the taxpayer paid in accordance with Subsection (2) are collected by an
             1473      authorized officer of the:
             1474          (A) county; or
             1475          (B) state;
             1476          (ii) the taxpayer obtains a final and unappealable judgment or order:
             1477          (A) from:
             1478          (I) a county board of equalization;
             1479          (II) the commission; or
             1480          (III) a court of competent jurisdiction;
             1481          (B) against:
             1482          (I) the taxing entity or an authorized officer of the taxing entity; or
             1483          (II) the state or an authorized officer of the state; and
             1484          (C) ordering a reduction in the amount of any tax levied against any property for which
             1485      a taxpayer paid a tax or any portion of a tax under this chapter for the calendar year.


             1486          (b) The amount that the state or a taxing entity shall pay a taxpayer shall be determined
             1487      in accordance with Subsections (4) through (7).
             1488          (4) For purposes of Subsections (2) and (3), the amount the state shall pay to a
             1489      taxpayer is equal to the sum of:
             1490          (a) if the difference described in this Subsection (4)(a) is greater than $0, the difference
             1491      between:
             1492          (i) the tax the taxpayer paid to the state in accordance with Subsection (2); and
             1493          (ii) the amount of the taxpayer's tax liability to the state after the reduction in the
             1494      amount of tax levied against the property in accordance with the final and unappealable
             1495      judgment or order described in Subsection (3);
             1496          (b) if the difference described in this Subsection (4)(b) is greater than $0, the difference
             1497      between:
             1498          (i) any penalties the taxpayer paid to the state in accordance with Section 59-2-1331 ;
             1499      and
             1500          (ii) the amount of penalties the taxpayer is liable to pay to the state in accordance with
             1501      Section 59-2-1331 after the reduction in the amount of tax levied against the property in
             1502      accordance with the final and unappealable judgment or order described in Subsection (3);
             1503          (c) as provided in Subsection (6)(a), interest the taxpayer paid in accordance with
             1504      Section 59-2-1331 on the amounts described in Subsections (4)(a) and (4)(b); and
             1505          (d) as provided in Subsection (6)(b), interest on the sum of the amounts described in:
             1506          (i) Subsection (4)(a);
             1507          (ii) Subsection (4)(b); and
             1508          (iii) Subsection (4)(c).
             1509          (5) For purposes of Subsections (2) and (3), the amount a taxing entity shall pay to a
             1510      taxpayer is equal to the sum of:
             1511          (a) if the difference described in this Subsection (5)(a) is greater than $0, the difference
             1512      between:
             1513          (i) the tax the taxpayer paid to the taxing entity in accordance with Subsection (2); and


             1514          (ii) the amount of the taxpayer's tax liability to the taxing entity after the reduction in
             1515      the amount of tax levied against the property in accordance with the final and unappealable
             1516      judgment or order described in Subsection (3);
             1517          (b) if the difference described in this Subsection (5)(b) is greater than $0, the difference
             1518      between:
             1519          (i) any penalties the taxpayer paid to the taxing entity in accordance with Section
             1520      59-2-1331 ; and
             1521          (ii) the amount of penalties the taxpayer is liable to pay to the taxing entity in
             1522      accordance with Section 59-2-1331 after the reduction in the amount of tax levied against the
             1523      property in accordance with the final and unappealable judgment or order described in
             1524      Subsection (3); and
             1525          (c) as provided in Subsection (6)(a), interest the taxpayer paid in accordance with
             1526      Section 59-2-1331 on the amounts described in Subsections (5)(a) and (5)(b); and
             1527          (d) as provided in Subsection (6)(b), interest on the sum of the amounts described in:
             1528          (i) Subsection (5)(a);
             1529          (ii) Subsection (5)(b); and
             1530          (iii) Subsection (5)(c).
             1531          (6) Except as provided in Subsection (7):
             1532          (a) interest shall be refunded to a taxpayer on the amount described in Subsection (4)(c)
             1533      or (5)(c) in an amount equal to the amount of interest the taxpayer paid in accordance with
             1534      Section 59-2-1331 ; and
             1535          (b) interest shall be paid to a taxpayer on the amount described in Subsection (4)(d) or
             1536      (5)(d):
             1537          (i) beginning on the later of:
             1538          (A) the day on which the taxpayer paid the tax in accordance with Subsection (2); or
             1539          (B) January 1 of the calendar year immediately following the calendar year for which
             1540      the tax was due;
             1541          (ii) ending on the day on which the state or a taxing entity pays to the taxpayer the


             1542      amount required by Subsection (4) or (5); and
             1543          (iii) at the interest rate earned by the state treasurer on public funds transferred to the
             1544      state treasurer in accordance with Section 51-7-5.
             1545          (7) Notwithstanding Subsection (6):
             1546          (a) the state may not pay or refund interest to a taxpayer under Subsection (6) on any
             1547      tax the taxpayer paid in accordance with Subsection (2) that exceeds the amount of tax levied
             1548      by the state for that calendar year as stated on the notice required by Section 59-2-1317 ; and
             1549          (b) a taxing entity may not pay or refund interest to a taxpayer under Subsection (6) on
             1550      any tax the taxpayer paid in accordance with Subsection (2) that exceeds the amount of tax
             1551      levied by the taxing entity for that calendar year as stated on the notice required by Section
             1552      59-2-1317.
             1553          (8) (a) Each taxing entity may levy a tax to pay its share of the final and unappealable
             1554      judgment or order described in Subsection (3) if:
             1555          (i) the final and unappealable judgment or order is issued no later than 15 days prior to
             1556      the date the levy is set under Subsection 59-2-924 [(2)](3)(a);
             1557          (ii) the amount of the judgment levy is included on the notice under Section [ 59-2-919 ]
             1558      59-2-919.1 ; and
             1559          (iii) the final and unappealable judgment or order is an eligible judgment, as defined in
             1560      Section 59-2-102 .
             1561          (b) The levy under Subsection (8)(a) is in addition to, and exempt from, the maximum
             1562      levy established for the taxing entity.
             1563          (9) (a) A taxpayer that objects to the assessment of property assessed by the
             1564      commission shall pay, on or before the date of delinquency established under Subsection
             1565      59-2-1331 (1) or Section 59-2-1332 , the full amount of taxes stated on the notice required by
             1566      Section 59-2-1317 if:
             1567          (i) the taxpayer has applied to the commission for a hearing in accordance with Section
             1568      59-2-1007 on the objection to the assessment; and
             1569          (ii) the commission has not issued a written decision on the objection to the assessment


             1570      in accordance with Section 59-2-1007 .
             1571          (b) A taxpayer that pays the full amount of taxes due under Subsection (9)(a) is not
             1572      required to pay penalties or interest on an assessment described in Subsection (9)(a) unless:
             1573          (i) a final and unappealable judgment or order establishing that the property described in
             1574      Subsection (9)(a) has a value greater than the value stated on the notice required by Section
             1575      59-2-1317 is issued by:
             1576          (A) the commission; or
             1577          (B) a court of competent jurisdiction; and
             1578          (ii) the taxpayer fails to pay the additional tax liability resulting from the final and
             1579      unappealable judgment or order described in Subsection (9)(b)(i) within a 45-day period after
             1580      the county bills the taxpayer for the additional tax liability.
             1581          (10) (a) Except as provided in Subsection (10)(b), a payment that is required by this
             1582      section shall be paid to a taxpayer:
             1583          (i) within 60 days after the day on which the final and unappealable judgment or order is
             1584      issued in accordance with Subsection (3); or
             1585          (ii) if a judgment levy is imposed in accordance with Subsection (8):
             1586          (A) if the payment to the taxpayer required by this section is $5,000 or more, no later
             1587      than December 31 of the year in which the judgment levy is imposed; and
             1588          (B) if the payment to the taxpayer required by this section is less than $5,000, within 60
             1589      days after the date the final and unappealable judgment or order is issued in accordance with
             1590      Subsection (3).
             1591          (b) Notwithstanding Subsection (10)(a), a taxpayer may enter into an agreement:
             1592          (i) that establishes a time period other than a time period described in Subsection
             1593      (10)(a) for making a payment to the taxpayer that is required by this section; and
             1594          (ii) with:
             1595          (A) an authorized officer of a taxing entity for a tax imposed by a taxing entity; or
             1596          (B) an authorized officer of the state for a tax imposed by the state.
             1597          Section 22. Effective date.


             1598          This bill takes effect on July 1, 2008.


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