Bill > SB0221

This bill amends existing laws related to housing and transit reinvestment zones, which are designated areas intended to encourage development and improve public transit. Key changes include clarifying definitions for terms like "base year" and "project area" within these zones, particularly for convention center reinvestment zones in capital cities, and adjusting the radius limitations for zones located near transit stations. It also modifies requirements for affordable housing within these zones, expands the number of times property tax increment collection can be triggered within a zone, and clarifies the process for boundary adjustments and the committee responsible for approving these zones. The bill also includes provisions for coordinating with other related legislation and sets an effective date of May 6, 2026.

Government Affairs, Justice

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