Utah Code 17C-1-301.5. Agency property exempt from taxation — Exception
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(1) Agency property acquired or held for purposes of this title is public property used for essential public and governmental purposes and, subject to Subsection (2), is exempt from taxation by a taxing entity.
Terms Used In Utah Code 17C-1-301.5
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- Taxing entity: means a public entity that:(62)(a) levies a tax on property located within a project area; or(62)(b) imposes a sales and use tax under Title 59, Chapter 12, Sales and Use Tax Act. See Utah Code 17C-1-102(2) The exemption in Subsection (1) does not apply to property that the agency leases to a lessee unless the lessee is entitled to a tax exemption with respect to the property.