Bill

Bill > HB0237


UT HB0237

Rollback Tax Amendments


summary

Introduced
01/21/2025
In Committee
02/13/2025
Crossed Over
01/30/2025
Passed
03/07/2025
Dead
Signed/Enacted/Adopted
03/24/2025

Introduced Session

2025 General Session

Bill Summary

General Description: This bill modifies provisions related to property taxes and fees imposed when land is no longer used for agricultural purposes.

AI Summary

This bill modifies several sections of Utah law related to property taxes and fees when agricultural land is no longer used for its original purpose. The key changes increase the percentage of rollback tax funds that counties must deposit into an account for preserving open and agricultural land from 20% to 100%. The bill also adds a provision that if counties do not spend or obligate these funds within 10 years, they must transfer the remaining balance to the LeRay McAllister Working Farm and Ranch Fund. Additionally, the bill clarifies definitions of "agricultural land" and "open land" and adjusts procedures for how rollback taxes and in-lieu fee payments are collected and distributed when governmental entities acquire land that was previously used for agricultural purposes. The modifications aim to provide more consistent funding and support for land conservation efforts, ensuring that taxes collected from changes in land use are more directly used to preserve agricultural and open lands. The bill will take effect on May 7, 2025.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Governor Signed in Lieutenant Governor's office for filing (on 03/24/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...