S.B. 221

1

REVENUE AND TAX AMENDMENTS
2 2012 GENERAL SESSION
3 STATE OF UTAH
4 Chief Sponsor: Curtis S. Bramble
5 House Sponsor: ____________
6
7 LONG TITLE
8 General Description:
9 This bill makes changes to the distribution of multicounty assessing and collecting levy
10 revenues.
11 Highlighted Provisions:
12 This bill:
13 . makes changes to the distribution of multicounty assessing and collecting levy
14 revenues; and
15 . makes technical and conforming changes.
16 Money Appropriated in this Bill:
17 None
18 Other Special Clauses:
19 None
20 Utah Code Sections Affected:
21 AMENDS:
22 59-2-1603, as last amended by Laws of Utah 2010, Chapter 131
23
24 Be it enacted by the Legislature of the state of Utah:
25 Section 1. Section 59-2-1603 is amended to read:
26 59-2-1603. Disbursement of money in the Property Tax Valuation Agency Fund
27 -- Use of funds.

28 (1) The state auditor shall authorize disbursement of money from the Property Tax
29 Valuation Agency Fund to each receiving county in accordance with this section.
30 (2) Except as provided in Section 59-2-1606 and Subsection 59-2-303.1 (4), money
31 derived from funds transmitted by contributing counties shall be disbursed pro rata to receiving
32 counties of the second through sixth class based upon the number of adjusted parcel units in
33 each county as determined in Subsection (3).
34 (3) (a) The state auditor shall determine the amount of each county's multicounty
35 assessing and collecting allocation in accordance with this Subsection (3).
36 (b) A county's multicounty assessing and collecting allocation shall be the product of:
37 (i) the county's adjusted parcel ratio; and
38 (ii) a base unit value of [$9] $10.
39 (c) For purposes of this section, a county's adjusted parcel ratio shall be determined by
40 multiplying the sum of the following by the county parcel factor:
41 (i) the number of residential parcels multiplied by 2;
42 (ii) the number of commercial parcels multiplied by 4; and
43 (iii) the number of all other parcels multiplied by 1.
44 (d) For purposes of this Subsection (3), the county class factor is:
45 (i) 0.8 for a county of the first class;
46 (ii) 0.9 for a county of the second class;
47 (iii) 1.0 for a county of the third class;
48 (iv) 1.05 for a county of the fourth class;
49 (v) 1.15 for a county of the fifth class; and
50 (vi) 1.3 for a county of the sixth class.
51 (e) The commission shall provide the state auditor a list of each county's parcel counts
52 described in Subsection (3)(c).
53 (4) (a) A first class county shall transmit $300,000 to the fund.
54 (b) A second, third, or fourth class contributing county shall transmit to the fund an
55 amount equal to the following:
56 (i) if the contributing county's surplus revenue is equal to or less than the contributing
57 county's minimum county contribution, the minimum county contribution;
58 (ii) if the contributing county's surplus revenue is more than the county's minimum

59 county contribution and less than the county's maximum county contribution, the contributing
60 county's surplus revenue; or
61 (iii) if the contributing county's surplus revenue is equal to or greater than the county's
62 maximum county contribution, the contributing county's maximum county contribution.
63 (5) Money in the Property Tax Valuation Agency Fund on the 10th day of the month
64 following the end of the quarter in which the revenue is collected shall, upon authorization by
65 the state auditor, be transmitted by the state treasurer according to the disbursement formula
66 determined under Subsection (3) no later than five working days after the 10th day of the
67 month following the end of the quarter in which the revenue is collected.
68 (6) If money in the Property Tax Valuation Agency Fund on the 10th day of the month
69 following the end of the quarter in which the revenue is collected is not transmitted to a
70 receiving county within five working days of the 10th day of that month, except as provided for
71 in Subsection (5), income from the investment of that money shall be:
72 (a) deposited in and become part of the Property Tax Valuation Agency Fund; and
73 (b) disbursed to the receiving county in the next quarter.
74 (7) A county shall use money disbursed from the Property Tax Valuation Agency Fund
75 for:
76 (a) establishing and maintaining accurate property valuations and uniform assessment
77 levels as required by Section 59-2-103 ; and
78 (b) improving the efficiency of the property tax system.
79 (8) The state auditor shall reallocate any [surplus or]:
80 (a) deficit from the allocation under Subsection (3) [between] amongst all receiving
81 counties based on their adjusted parcel counts[.]; or
82 (b) surplus from the allocation under Subsection (3) amongst all contributing counties
83 based on the county's percentage of the total contribution under this section.
84 (9) A receiving county may not receive more than $200,000 total from an allocation
85 under Subsection (3).
86 (10) If money remains in the fund after all allocations have been distributed to
87 receiving counties in a calendar year, the state auditor shall retain the money in the fund for
88 distribution the following calendar year.

Legislative Review Note
as of 2-23-12 6:12 AM

Office of Legislative Research and General Counsel