Utah Code 11-68-402. Privilege tax — Personal property tax revenue — Deposit into Utah State Fair Fund

11-68-402. Privilege tax — Personal property tax revenue — Deposit into Utah State Fair Fund.

(1)	The possession or beneficial use of property on fair park land is subject to Title 59, Chapter 4, Privilege Tax.

Authority: means the State Fair Park Authority, created in Section 11-68-201. 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
Land: includes :Utah Code 68-3-12.5
Personal property: includes :Utah Code 68-3-12.5
Personal property: All property that is not real property.
Property: includes both real and personal property. See Utah Code 68-3-12.5
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

(2)

(a)

As provided in Subsection (2)(b), the authority shall be paid:

(i)	all revenue from a privilege tax under Subsection (1); and

(ii)	all revenue from a property tax on personal property located on property that is subject to a privilege tax under Subsection (1).

(b)	The treasurer of the county in which the fair park land is located shall, in the manner and at the time provided in Section 59-2-1365, pay and distribute to the authority the revenue described in Subsection (2)(a).

(c)	The authority shall deposit all revenue collected under this Subsection (2) into the Utah State Fair Fund created in Section 11-68-403.

Renumbered and Amended by Chapter 502, 2023 General Session