59-2-913. Definitions — Statement of amount and purpose of levy — Contents of statement — Filing with county auditor — Transmittal to commission — Calculations for establishing tax levies — Format of statement.
| (1) |
As used in this section, “budgeted property tax revenues” does not include property tax revenue received by a taxing entity from personal property that is:
Terms Used In Utah Code 59-2-913
| (a) |
assessed by a county assessor in accordance with 3; and |
| (b) |
semiconductor manufacturing equipment. |
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| (2) |
| (a) |
The legislative body of each taxing entity shall file a statement as provided in this section with the county auditor of the county in which the taxing entity is located. |
| (b) |
The auditor shall annually transmit the statement to the commission:
| (ii) |
with the approval of the commission, on a subsequent date prior to the date required by Section 59-2-1317 for the county treasurer to provide the notice under Section 59-2-1317. |
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| (c) |
The statement shall contain the amount and purpose of each levy fixed by the legislative body of the taxing entity. |
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| (3) |
For purposes of establishing the levy set for each of a taxing entity’s applicable funds, the legislative body of the taxing entity shall calculate an amount determined by dividing the budgeted property tax revenues, specified in a budget that has been adopted and approved prior to setting the levy, by the amount calculated under Subsections 59-2-924(4)(b)(i) through (iv). |
| (4) |
The format of the statement under this section shall:
| (a) |
be determined by the commission; and |
| (b) |
cite any applicable statutory provisions that:
| (i) |
require a specific levy; or |
| (ii) |
limit the property tax levy for any taxing entity. |
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| (5) |
The commission may require certification that the information submitted on a statement under this section is true and correct. |
Amended by Chapter 368, 2018 General Session
