Bill > SB0221

This bill amends existing laws related to housing and transit reinvestment zones, which are areas designated to encourage development and improve public transit. Key changes include expanding the definition of "base year" to include new types of investment zones, clarifying requirements for affordable housing within these zones, and adjusting the radii and acreage limitations for zones located near transit stations. The bill also modifies rules regarding the number of property tax increment collection periods allowed, the process for proposing and approving these zones, and the composition and responsibilities of the housing and transit reinvestment zone committee. Additionally, it introduces provisions for extraterritorial affordable housing and clarifies boundary adjustment procedures for these zones, with an effective date of May 6, 2026.

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https://le.utah.gov/~2026/bills/static/SB0221.html