Bill > SB0278

This bill modifies the Point of the Mountain State Land Authority Act by allowing municipalities to coordinate with "exempted government landowners" (state agencies, independent entities, or regional economic development authorities with exclusive control over state land) to develop land use plans for state-owned parcels before they are sold to private owners, with specific notice requirements waived if the landowner requests the planning. It also allows the Point of the Mountain State Land Authority to coordinate with the city of Draper when disposing of certain state land parcels, ensuring alignment with the authority's objectives and the highest and best use of the land. Additionally, the bill adjusts the percentage of "property tax augmentation" (the increase in property tax revenue after a parcel is transferred to private ownership) that the authority receives, reducing it from 75% to 25% starting in 2026, and revises the distribution of "privilege tax" (a tax on the beneficial use of state land by private businesses) for "phase one land" (a specific portion of leased property designated for early development or an event center) and other leased land. Finally, it sets repeal dates for certain provisions related to municipal coordination and the Point of the Mountain State Land Authority Act itself, with the bill taking effect on May 6, 2026.

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https://le.utah.gov/~2026/bills/static/SB0278.html