Title 63N, Title 63N: Economic Opportunity Act

63N-23-201. Applicability, requirements, and limitations on a housing and transit reinvestment zone. (1) A housing and transit reinvestment zone proposal created under this part shall demonstrate how the proposal addresses the following objectives: higher utilization of public tr…

63N-23-202. Process for a proposal of a housing and transit reinvestment zone -- Analysis. (1) On or before December 31, 2027, and subject to approval of the housing and transit reinvestment zone committee as described in Section, in order to create a housing and transit reinvest…

63N-23-203. Payment, use, and administration of revenue from a housing and transit reinvestment zone. (1) In accordance with this part a municipality or public transit county may receive and use property tax increment and housing and transit reinvestment zone funds. (2) A county …

63N-23-204. Applicability to an existing community reinvestment project. For a housing and transit reinvestment zone created under this part that overlaps any portion of an existing inactive industrial site community reinvestment project area plan created in accordance with: (1) …

63N-23-205. Property tax increment protections. (1) Upon petition by a participating taxing entity or on the initiative of the housing and transit reinvestment zone committee creating a housing and transit reinvestment zone, a housing and transit reinvestment zone may suspend or …

63N-23-206. Sales and use tax increment in a housing and transit reinvestment zone. (1) A housing and transit reinvestment proposal shall, in consultation with the tax commission: create a sales and use tax boundary as described in Subsection; and (2) establish a sales and use ta…

63N-23-207. Boundary adjustments -- Governing law. . (1) Subject to the requirements under this part, and after the housing and transit reinvestment zone committee approves a housing and transit reinvestment zone or a convention center reinvestment zone proposal in accordance wit…

63N-23-301. Applicability, requirements, and limitations on a convention center reinvestment zone. (1) A convention center reinvestment zone proposal created under this part shall demonstrate how the proposal addresses the following objectives: redevelopment of a convention cente…

63N-23-302. Process for proposing a convention center reinvestment zone. (1) On or before December 31, 2027, to create a convention center reinvestment zone under this part, the Governor's Office of Economic Development shall, after consulting with and giving notice to the relate…

63N-23-303. Payment, use, and administration of revenue from a convention center reinvestment zone. (1) In accordance with this part, a municipality or a public infrastructure district may receive and use property tax increment and convention center reinvestment zone funds for a …

63N-23-304. Applicability to an existing community reinvestment zone project. For a convention center reinvestment zone created under this part that overlaps any portion of an existing community reinvestment project area created in accordance with Title 17C, Limited Purpose Local…

63N-23-305. Property tax increment protections. (1) Upon petition by a participating taxing entity or on the initiative of the housing and transit reinvestment zone committee creating a convention center reinvestment zone, a convention center reinvestment zone may suspend or term…

63N-23-306. Sales and use tax increment in a convention center reinvestment zone. (1) A convention center reinvestment zone proposal shall, in consultation with the State Tax Commission: create a sales and use tax boundary as described in Subsection; and (2) establish a sales and…

63N-23-307. Boundary adjustments. If the relevant county assessor or county auditor adjusts parcel boundaries relevant to a convention center reinvestment zone, the Governor's Office of Economic Development may make corresponding adjustments to the boundary of the convention cent…

63N-23-401. Applicability, requirements, and limitations on a convention center reinvestment zone in a capital city. (1) A convention center reinvestment zone in a capital city proposal created under this part shall demonstrate how the proposal addresses the following objectives:…

63N-23-402. Process for proposing a convention center reinvestment zone in a capital city. (1) To create a convention center reinvestment zone in a capital city under this part, the Governor's Office of Economic Development shall, after consulting with and giving notice to the re…

63N-23-403. Payment, use, and administration of revenue from a convention center reinvestment zone in a capital city. (1) In accordance with this part: a public infrastructure district shall use the funds from a convention center reinvestment zone in a capital city within or for …

63N-23-404. Applicability to an existing community reinvestment project. For a convention center reinvestment zone in a capital city created under this part that overlaps any portion of an existing community reinvestment project area created in accordance with Title 17C, Limited …

63N-23-405. Property tax increment protections. (1) Upon petition by a participating taxing entity or on the initiative of the housing and transit reinvestment zone committee creating a housing and transit reinvestment zone or convention center reinvestment zone, a housing and tr…

63N-23-406. Sales and use tax increment in a convention center reinvestment zone in a capital city. (1) A convention center reinvestment zone in a capital city proposal shall, in consultation with the State Tax Commission: create a sales and use tax boundary as described in Subse…

63N-23-407. Boundary adjustments. If the relevant county assessor or county auditor adjusts parcel boundaries relevant to a convention center reinvestment zone in a capital city, the Governor's Office of Economic Development may make corresponding adjustments to the boundary of t…

63N-23-501. Definitions. As used in this part: (1) "Affordable housing" means housing offered for sale at 80% or less of the median county home price for housing of that type. (2) "Agency" means the same as that term is defined in Section. 17C-1-102 (3) "Base taxable value" means…

63N-23-502. Municipal designation of a home ownership promotion zone. (1) Subject to the requirements of Sectionsand, a municipality may create a home ownership promotion zone: 63N-23-503 63N-23-504 before January 1, 2028; and as described in this section. (2) A home ownership pr…

63N-23-503. Applicability, requirements, and limitations. (1) A home ownership promotion zone shall promote the following objectives: increasing availability of housing, including affordable housing; promotion of home ownership; overcoming development impediments and market condi…

63N-23-504. Notification before creation of a home ownership promotion zone. (1) As used in this section, "hearing" means a public meeting in which the legislative body of a municipality: considers a resolution creating a home ownership promotion zone; and takes public comment on…

63N-23-505. Payment, use, and administration of revenue from a home ownership promotion zone. (1) A municipality may receive tax increment and use home ownership promotion zone funds in accordance with this section. The maximum amount of time that a municipality may receive and u…

63N-23-601. Definitions. As used in this part: (1) "Affordable housing" means housing offered for sale at 80% or less of the median county home price for housing of that type. (2) "Agency" means the same as that term is defined in Section. 17C-1-102 (3) "Base taxable value" means…

63N-23-602. County designation of a home ownership promotion zone. (1) Subject to Sectionsand, a county may create a home ownership promotion zone: 63N-23-603 63N-23-604 before January 1, 2028; and as described in this section. (2) A home ownership promotion zone created under th…

63N-23-603. Applicability, requirements, and limitations. (1) A home ownership promotion zone shall promote the following objectives: increasing availability of housing, including affordable housing; promotion of home ownership; overcoming development impediments and market condi…

63N-23-604. Notification before creation of a home ownership promotion zone. (1) As used in this section, "hearing" means a public meeting in which the legislative body of a county: considers a resolution creating a home ownership promotion zone; and takes public comment on a pro…

63N-23-605. Payment, use, and administration of revenue from a home ownership promotion zone -- Reporting. (1) A county may receive tax increment and use home ownership promotion zone funds in accordance with this section. The maximum amount of time that a county may receive and …

63N-23-701. Definitions. As used in this part: (1) "Affordable housing" means: for homes that are not owner occupied, housing occupied or reserved for occupancy by households with a gross household income equal to or less than 80% of the county median gross income for households …

63N-23-702. Applicability, requirements, and limitations on a first home investment zone. (1) A first home investment zone created in accordance with this part shall promote the following objectives: encouraging efficient development and opportunities for home ownership by provid…

63N-23-703. Process for a proposal of a first home investment zone. (1) On or before December 31, 2027, and subject to approval of the housing and transit reinvestment zone committee as described in Section, in order to create a first home investment zone, a municipality that has…

63N-23-704. Consideration of proposals by housing and transit reinvestment zone committee. (1) A first home investment zone proposed under this part is subject to approval by the housing and transit reinvestment zone committee. (2) After the Governor's Office of Economic Developm…

63N-23-705. Notice requirements. (1) In approving a first home investment zone proposal, the housing and transit reinvestment zone committee shall follow the hearing and notice requirements for proposing a first home investment zone as described in this section. (2) Within 30 day…

63N-23-706. Payment, use, and administration of tax increment from a first home investment zone. (1) A municipality may receive and use tax increment and first home investment zone funds in accordance with this part. (2) A county that collects property tax on property located wit…

63N-23-707. Applicability to an existing first home investment zone or community reinvestment project. If a parcel within a first home investment zone is included as an area that is part of a project area, as that term is defined in Section, and created under Title 17C, Chapter 1…

63N-23-708. Tax increment protections. (1) Upon petition by a participating taxing entity or on the initiative of the housing and transit reinvestment zone committee creating a first home investment zone, a first home investment zone may suspend or terminate the collection of tax…

63N-23-709. Boundary adjustments. (1) If the relevant county assessor or county auditor adjusts parcel boundaries relevant to a first home investment zone, the municipality administering the tax increment collected in the first home investment zone may make corresponding adjustme…

63N-23-801. Definitions. As used in this part: (1) "Committee" means the Revitalization Zone Committee created in Section. 63N-23-807 (2) "Franchise agreement" means a legally binding and valid agreement under which: a major professional sports league has awarded a franchise to a…

63N-23-802. Project area. (1) A local government may, according to the requirements and procedures of this part, create a project area for the use of revenue authorized under Section, which revenue shall be used only for the allowed purposes described in Section. 59-12-402.5 63N-…

63N-23-803. Allowable uses of funds. (1) A local government shall use any funds or revenue provided under Sectionwithin and for the direct benefit of the project area, and subject to the requirements of this section. 59-12-402.5 (2) In addition to the requirements of Subsection, …

63N-23-804. Application for approval as a project participant in a project area. A person that seeks to have a local government create a project area under this part, and to be a project participant within that project area, shall provide a local government with a written applica…

63N-23-805. Local government review -- Participation agreement requirements -- Proposed project area and proposed participation agreement -- Zoning -- Deadline. (1) Upon receipt of an application described in Section, a local government shall review the application and, if the ap…

63N-23-806. Local government endorsement -- Revitalization Zone Committee approval -- Final approval by local government -- Imposition of tax. (1) The legislative body of the local government shall, no later than 14 calendar days after the date on which a notice of a proposed pro…