Utah Code 11-70-203. Privilege tax on state-owned land
Current as of: 2024 | Check for updates
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Terms Used In Utah Code 11-70-203
- Designated parcel: means a parcel of land specified in a designation resolution. See Utah Code 11-70-101
- Fair park authority: means the State Fair Park Authority created in Section
11-68-201 . See Utah Code 11-70-101 - Fair park land: means the same as that term is defined in Section
11-68-101 . See Utah Code 11-70-101 - Fairpark district: means the Utah Fairpark Area Investment and Restoration District, created in Section
11-70-201 . See Utah Code 11-70-101 - Host municipality: means the municipality whose boundary includes the land within the fairpark district boundary. See Utah Code 11-70-101
- Land: includes :(18)(a) land;(18)(b) a tenement;(18)(c) a hereditament;(18)(d) a water right;(18)(e) a possessory right; and(18)(f) a claim. See Utah Code 68-3-12.5
- Other state land: means :
(19)(a) land within the fairpark district boundary, other than fair park land, that is owned by the state on January 1, 2024; and(19)(b) land acquired by the fairpark district or the state on or after May 1, 2024. See Utah Code 11-70-101- Property: includes both real and personal property. See Utah Code 68-3-12.5
- Qualified stadium: includes parking structures or facilities, lighting facilities, plazas, and open space associated with a stadium described in Subsection (31)(a). See Utah Code 11-70-101
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
- State-owned land: means :
(35)(a) fair park land; and(35)(b) other state land. See Utah Code 11-70-101(1)(a) Subject to Subsection (1)(b), the possession or beneficial use of property on state-owned land is subject to Title 59, Chapter 4, Privilege Tax.(1)(b) Subsection (1)(a) does not apply to a qualified stadium during the construction of the qualified stadium and before title to the stadium is conveyed to the fairpark district as required in an agreement under Subsection11-70-502 (3).(2)(2)(a) As provided in Subsection (2)(b):(2)(a)(i) for revenue from a privilege tax under Subsection (1) on a designated parcel that is part of the fair park land:(2)(a)(i)(A) 75% of the revenue shall be paid to the fairpark district; and(2)(a)(i)(B) 25% of the revenue shall be paid to the fair park authority; and(2)(a)(ii) for revenue from a privilege tax under Subsection (1) on a designated parcel that is part of other state land, 100% of the revenue shall be paid to the fairpark district.(2)(b) The treasurer of the county in which the fair park land is located shall, in the manner and at the time provided in Section59-2-1365 , pay and distribute to the fairpark district and the fair park authority, as applicable, the revenue described in Subsection (2)(a).(3)(3)(a) The fairpark district shall use 20% of the money the fairpark district is paid under Subsection (2)(a)(ii) for moderate income housing, as defined in Section10-9a-103 , within the host municipality.(3)(b) The fairpark district and host municipality shall coordinate and work together to identify how, when, and where the money described in Subsection (3)(a) is spent. - Other state land: means :