Superseded 7/1/2023)
Superseded 7/1/2023
59-2-926. Proposed tax increase by state — Notice — Contents — Dates.
If the state authorizes a tax rate that exceeds the applicable tax rate described in Section 53F-2-301 or 53F-2-301.5, or authorizes a levy pursuant to Section 59-2-1602 that exceeds the certified revenue levy as defined in Section 59-2-102, the state shall publish a notice no later than 10 days after the last day of the annual legislative general session that meets the following requirements:
| (1) |
Terms Used In Utah Code 59-2-926- Certified revenue levy: means a property tax levy that provides an amount of ad valorem property tax revenue equal to the sum of:
| (i) | the amount of ad valorem property tax revenue to be generated statewide in the previous year from imposing a multicounty assessing and collecting levy, as specified in Section 59-2-1602; and |
| (ii) | the product of:| (A) | eligible new growth, as defined in Section 59-2-924; and |
| (B) | the multicounty assessing and collecting levy certified by the commission for the previous year. See Utah Code 59-2-102- 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) |
The Office of the Legislative Fiscal Analyst shall advertise that the state authorized a levy that generates revenue in excess of the previous year’s ad valorem tax revenue, plus eligible new growth as defined in Section 59-2-924, but exclusive of revenue from collections from redemptions, interest, and penalties:
| (i) |
in a newspaper of general circulation in the state; and |
|
| (b) |
Except an advertisement published on a website, the advertisement described in Subsection (1)(a):
| (i) |
shall be no less than 1/4 page in size and the type used shall be no smaller than 18 point, and surrounded by a 1/4-inch border; |
| (ii) |
may not be placed in that portion of the newspaper where legal notices and classified advertisements appear; and |
|
|
| (2) |
The form and content of the notice shall be substantially as follows:
“NOTICE OF TAX INCREASE
|
|
