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First Substitute S.B. 269

Senator John L. Valentine proposes the following substitute bill:


             1     
PROPERTY TAX REVISIONS

             2     
2013 GENERAL SESSION

             3     
STATE OF UTAH

             4     
Chief Sponsor: John L. Valentine

             5     
House Sponsor: Brian M. Greene

             6     
             7      LONG TITLE
             8      General Description:
             9          This bill amends provisions related to taxing entity property tax levies.
             10      Highlighted Provisions:
             11          This bill:
             12          .    authorizes a taxing entity to levy a property tax that exceeds a maximum levy under
             13      certain circumstances; and
             14          .    makes technical and conforming changes.
             15      Money Appropriated in this Bill:
             16          None
             17      Other Special Clauses:
             18          None
             19      Utah Code Sections Affected:
             20      AMENDS:
             21          59-2-914, as last amended by Laws of Utah 2008, Chapters 61, 231, and 236
             22     
             23      Be it enacted by the Legislature of the state of Utah:
             24          Section 1. Section 59-2-914 is amended to read:
             25           59-2-914. Excess levies -- Commission to recalculate levy -- Notice to implement


             26      adjusted levies to county auditor -- Authority to exceed maximum levy permitted by law.
             27          (1) If the commission determines that a levy established for a taxing entity set under
             28      Section 59-2-913 is in excess of the maximum levy permitted by law, the commission shall:
             29          (a) lower the levy so that it is set at the maximum level permitted by law;
             30          (b) notify the taxing entity which set the excessive rate that the rate has been lowered;
             31      and
             32          (c) notify the county auditor of the county or counties in which the taxing entity is
             33      located to implement the rate established by the commission.
             34          (2) A levy set for a taxing entity by the commission under this section shall be the
             35      official levy for that taxing entity unless:
             36          (a) the taxing entity lowers the levy established by the commission; or
             37          (b) the levy is subsequently modified by a court order.
             38          (3) [(a) Subject to the provisions of Subsections (1) and (2), beginning January 1, 1995,
             39      a] Notwithstanding Subsection (1) or (2), a taxing entity may impose a tax rate [in excess of]
             40      that exceeds the maximum levy permitted by law if the tax rate [established by] the taxing
             41      entity [for the current year generates revenues for the taxing entity in an amount that is less
             42      than the revenues that would be generated by the taxing entity under] imposes is at or below
             43      the taxing entity's certified tax rate established in Section 59-2-924 .
             44          [(b) A taxing entity meeting the requirements of Subsection (3)(a) may impose a tax
             45      rate that does not exceed the certified rate established in Section 59-2-924 .]


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