Utah legislation · 2026 General Session
Utah SB243: Tax Increment Amendments
Status: Failed, March 6, 2026
This bill addresses tax increments for a housing and transit reinvestment zone proposal.
What the bill says
To amend or modify a development agreement. (b) This Subsection (8) applies to a specified county, as defined in Section 17-80-101 , that has created a small public transit district on or before January 1, 2022. (c) To accomplish the objectives described in Subsection (1) , an owner of undeveloped property within an unincorporated county shall have the right to develop and build a mixed-use development if: (i) the owner has submitted an entitlement agreement to the county on or before December 31, 2022, and is within a 1/3 mile radius of a public transit hub in a county described in Subsection.
From the introduced text, February 3, 2026:
to amend or modify a development agreement. (b) This Subsection (8) applies to a specified county, as defined in Section 17-80-101 , that has created a small public transit district on or before January 1, 2022. (c) To accomplish the objectives described in Subsection (1) , an owner of undeveloped property within an unincorporated county shall have the right to develop and build a mixed-use development if: (i) the owner has submitted an entitlement agreement to the county on or before December 31, 2022, and is within a 1/3 mile radius of a public transit hub in a county described in Subsection (8)(b) , including parcels that are intersected by the 1/3 mile radius; and (ii) the county described in Subsection (8)(b) has failed to approve the entitlement agreement described in Subsection (8)(c)(i) by ordinance before December 31, 2022. (d) The mixed use development described in Subsection (8)(c) shall include the following: (i) (A) (I) a maximum number of dwelling units equal to 30 multiplied by the total acres of developable area within the mixed-use development dedicated exclusively to residential use; or (II) a maximum number of dwelling units equal to 15 multiplied by the total acres of the mixed-use development; and (B) at least 33% of the dwelling units as affordable housing; (ii) commercial uses, including office, retail, educational, …