Utah Code 63H-1-705. Audit report
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63H-1-705. Audit report.
(1) | The authority shall, within 180 days after the end of the authority’s fiscal year, file a copy of the audit report with the county auditor, the State Tax Commission, the State Board of Education, and each taxing entity that levies a tax on property from which the authority collects property tax allocation. |
(a) | the amount of property tax revenues generated each tax year by all taxing entities from the area within a project area designated in the project area plan as the area from which the property tax allocation is to be collected, using the current assessed value of the property; and |
(b) | the amount of property tax revenues that would be generated from that same area using the base taxable value of the property. See Utah Code 63H-1-102 | ||||
(2) | Each audit report under Subsection (1) shall include:
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Amended by Chapter 377, 2015 General Session