63N-3a-402. Incentives prohibited -- Exception.
(1) Except as provided in Subsection, a county or municipality may not offer an incentive for a large load data center that is not located within a zone. (1)(b) Subsectiondoes not apply to: (1)(a) a project area established before May 6, 2027; or an agreement between a county or municipality and a private entity that was executed before May 6, 2027.
(2) In addition to the requirements described in Part 2, Creation of Regionally Significant Development Zones, a creating entity that proposes a zone shall include in the proposal: a description of the proposed boundaries of the zone; an assessment of existing electrical energy infrastructure within and proximate to the proposed zone; a development plan that includes: anticipated infrastructure improvements; projected economic benefits to the county or municipality; and evidence of local support, as applicable; and any other information required by the committee.
(3) A proposal for a zone described in this part: shall include the diversion of all personal property tax revenue generated within the zone, as described in Subsection; and 63N-3a-203(4)(c)(ii) may include a request to: capture up to 60% of the property tax increment generated within the zone; and divert up to 100% of personal property tax revenue generated within the zone.
(4) A proposed zone may not overlap with: a project area designated by a community reinvestment agency; or a project area created by the Utah Inland Port Authority or the Military Installation Development Authority.