the authority jurisdictional land, subject to Section 11-58-605; or
(b)
land outside the authority jurisdictional land, whether consisting of a single contiguous area or multiple noncontiguous areas, described in a project area plan or draft project area plan, where the development project set forth in the project area plan or draft project area plan takes place or is proposed to take place. See Utah Code 11-58-102
Property tax: includes a privilege tax and each levy on an ad valorem basis on tangible or intangible personal or real property. See Utah Code 11-58-102
(a)
pay and distribute to the authority the property tax differential that the authority is entitled to be paid under this chapter; and
(b)
pay and distribute to the primary municipality the primary municipality differential described in Subsection 11-58-604(2)(c).
(2)
The authority shall pay to the primary municipality’s agency, to be used for affordable housing as provided in Section 17C-1-412, 10% of all property tax differential that is:
