Tax Increment Financing Revisions

Summary

The bill directs the boards of the Utah Inland Port Authority, Point of the Mountain State Land Authority, Fairpark Area Investment and Restoration District, Military Installation Development Authority, and the Governor’s Office of Economic Opportunity (for convention‑center zones) to publish annual reports on tax‑increment revenue, property‑tax augmentation, and related metrics on a public website. It also mandates that the executive director notify the Political Subdivisions Interim Committee of compliance. The goal is to increase transparency about how these financing tools are used and what revenues they generate.

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