Truth in Taxation Amendments

SB 95 clarifies that local governments (like counties and cities) must hold public hearings with a quorum when seeking to raise property taxes above approved rates. It requires them to publicly state the exact tax increase amount, purpose, and estimated revenue impact at least 14 days before elections, with proper notice. This applies to all taxing entities making such rate changes and takes effect retroactively from January 1, 2025. The bill makes technical updates to ensure public hearing requirements align with Utah's Open Meetings Act.