Utah Code 11-68-401. Distribution of sales tax revenue to authority

11-68-401. Distribution of sales tax revenue to authority.

(1)

As used in this section:

Terms Used In Utah Code 11-68-401

Authority: means the State Fair Park Authority, created in Section 11-68-201. See Utah Code 11-68-101
Division: means the Division of Facilities Construction and Management created in Section 63A-5b-301. See Utah Code 11-68-101
Fair park land: includes any land acquired by the authority under Subsection 11-68-201(6)(i). See Utah Code 11-68-101
State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5

(a)

“Applicable sales tax revenue” means all revenue collected under Title 59, Chapter 12, Sales and Use Tax Act, on transactions that occur within a qualified hotel, except:

(i)	revenue distributed under Subsection 59-12-205(2)(a)(ii)(A); and

(ii)	revenue collected under Title 59, Chapter 12, Part 3A, Municipality Transient Room Tax.

(b)	“Commission” means the State Tax Commission.

(c)	“Qualified hotel” means a hotel for which the authority provides notice to the commission under Subsection (2).

(2)	Upon the division‘s issuance of a certificate of occupancy for a hotel located on fair park land, the authority shall provide written notification to the commission of the existence, location, and imminent operation of the hotel.

(3)	Notwithstanding any provision of Title 59, Chapter 12, Sales and Use Tax Act, the commission shall distribute to the authority all applicable sales tax revenue, beginning the next quarter that begins more than 60 days after the notification under Subsection (2).

Enacted by Chapter 502, 2023 General Session

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