First Home Investment Zone Amendments
SB 23 amends Utah's First Home Investment Zone law to clarify requirements for owner-occupied homes and include extraterritorial homes (located outside the zone but within the municipality) in density and owner-occupancy rules. It specifies that owner-occupied homes must be occupied by the owner for at least 25 years and updates definitions to include zip code median home prices for pricing calculations under certain conditions. The bill directly affects homeowners in designated zones, developers seeking zone approvals, and municipalities creating these zones. These changes aim to streamline housing affordability rules without new funding or major procedural shifts.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Jan 2025
Senate Passage
Feb 2025
House Passage
Jan 2025
Signed into Law
Mar 2025
Introduced Jan 21, 2025
Signed Mar 26, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Introduced
→
Substitute #1
·
5 edits
MODERATE
This bill updates the rules for First Home Investment Zones in Utah to clarify how homes outside the zone boundaries (extraterritorial homes) can count toward density and affordability goals. It also adds specific exclusions for parking and roads when calculating developable area and requires that most extraterritorial homes be single-family detached units.
Scope change
The bill expands the scope of eligible properties by formally allowing extraterritorial homes to be included in zone calculations, provided they meet new density and ownership requirements.
DEFINITION
The definition of 'Developable area' was updated to explicitly exclude parking lots and roadway facilities from the land area used to calculate density requirements.
REQUIREMENT
A new requirement mandates that at least 80% of any extraterritorial homes included in a proposal must be single-family detached homes.
A new provision clarifies that homes within the zone and related extraterritorial homes can be restricted from being used as short-term rentals.
TECHNICAL
New text was added to the definition of 'Base year' to clarify how the starting valuation year is determined for tax increment calculations.
Minor text corrections were made to fix grammatical errors and formatting inconsistencies in the definitions of 'Developable area' and 'Project improvements'.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
38
Key actions
6
Committee
2
Amendments
1
Mar 26, 2025
Signed into law
Governor Signed
executive
Feb 11, 2025
Legislature · Passed
Senate/ signed by President/ sent for enrolling
legislature
Feb 10, 2025
Upper · Passed
House/ signed by Speaker/ returned to Senate
upper
Feb 10, 2025
Lower · Passed
Senate/ concurs with House amendment
lower
Feb 5, 2025
Upper · Passed
House/ passed 3rd reading
upper
Jan 30, 2025
Lower · Passed
House Comm - Favorable Recommendation
lower
Jan 28, 2025
Committee
House/ to standing committee
lower
Jan 22, 2025
Introduced
House/ 1st reading (Introduced)
lower
Jan 21, 2025
Introduced
Senate/ 1st reading (Introduced)
upper
1 primary · 1 co-sponsor
Sponsors
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