Housing and Transit Reinvestment Zone Amendments

The definition of 'Commuter rail' was changed from 'heavy-rail' to 'heavy-rail regional' to better align with state definitions.

The requirement for a mix of dwelling units was updated to mandate that at least 25% of units have more than one bedroom, replacing the previous vague 'reasonable percentage' standard.

The deadline for sending the notice of commencement for tax increment collection was moved from January 1 to December 31 of the preceding year.

The base year for tax increments in overlapping projects must now be updated if the original community reinvestment project expires before the new zone begins.

A new section was added allowing housing and transit reinvestment zones to overlap with existing community reinvestment projects, permitting the capture of remaining tax increments if the original project captured less than 80%.

Eligibility criteria for commuter rail zones were refined to measure radius from the 'center of the platform' rather than just the station location.

Creates a new process to propose convention center reinvestment zones in first-class counties to capture sales and property tax increments for revitalization and bonding purposes.

Changes the median gross income requirement for affordable dwelling units in housing and transit reinvestment zones to use county median income instead of state median income.

Limits tax increment collection for housing and transit reinvestment zones to no more than three times per project.

Reduces the requirement for transit reinvestment zones from 25% of dwelling units having more than one bedroom to a more flexible mix.

Requires tax increment collection notices to be sent no later than December 31 of the year before tax increment takes place.

Updates distribution rules for sales and use tax revenue to support convention center revitalization and adjusts administrative charges for the State Tax Commission.

Makes technical and conforming changes to various Utah Code sections related to tax administration and housing zones.

Creates a new process to propose convention center reinvestment zones in first-class counties to facilitate revitalization of convention centers and surrounding areas.

Allows convention center reinvestment zones to capture sales and use tax increment related to state and certain local sales and use taxes, as well as property tax increment.

Clarifies that tax increment collection for housing and transit reinvestment zone projects may be triggered no more than three times per project.

Modifies the requirement that transit reinvestment zone proposals include at least 25% of dwelling units having more than one bedroom.

Amends the median gross income requirement for proposed dwelling units within housing and transit reinvestment zones to use county median gross income for households of the same size.

Changes the deadline for sending tax increment collection notices to no later than December 31 of the year before the year tax increment is to take place.

Updates definitions and reporting requirements for moderate income housing strategies in county general plans and progress reports.

Makes technical and conforming changes to various tax administration, collection, and distribution provisions across multiple Utah Code sections.

New process to propose convention center reinvestment zones in first-class counties to facilitate revitalization and capture sales and use tax increments

Amended provisions to exclude remote sales tax revenue from the capture of sales and use tax increments

Changed the median gross income requirement for proposed dwelling units to use county median gross income instead of state median

Limited tax increment collection to no more than three times per project

Modified the requirement for transit reinvestment zones to include at least 25% of dwelling units with more than one bedroom

Extended the deadline for sending tax increment collection notices to December 31 of the year before tax increment takes place

Added limitations on use of funds in certain convention center reinvestment zones and requirements to update base years for existing community reinvestment projects

Updated reporting requirements for moderate income housing strategies with stricter compliance timelines and penalties for non-compliance

Made technical and conforming changes to align various tax and housing-related statutes with the new convention center provisions

Created a new process to establish convention center reinvestment zones in first-class counties, allowing them to capture sales and use tax increments and property tax increments to fund revitalization projects.

Changed the date for sending tax increment collection notices to no later than December 31 of the year before tax increment collection begins.

Modified the affordable housing requirement for transit reinvestment zones, changing the bedroom threshold from 25% of units having more than one bedroom to a different standard.

Added new definitions for convention center public infrastructure districts and related terms to support the new convention center zone provisions.

Made technical and conforming changes to align various tax collection and distribution provisions with the new convention center zone provisions and updated median income calculations for affordable housing.

Added a new convention center reinvestment zone provision that allows capture of sales and use tax increment and provides for fund distribution to enable bonding.

Updated definitions to include new terms related to convention center reinvestment zones and modified existing definitions for transit-related terms.

Amended affordable housing income thresholds to use county median gross income for households of the same size and modified dwelling unit mix requirements.

Clarified that tax increment collection may be triggered no more than three times per project and adjusted notice deadlines for tax increment collection.

Made technical and conforming changes to various Utah Code sections related to tax increments, sales and use taxes, and community reinvestment projects.