Tax Increment Financing Revisions
Introduction
Feb 3
House Rules
House Committee
House Floor Vote
Senate Rules
Senate Committee
Senate 2nd Reading
Senate 3rd Reading
Governor
This bill deals with the publication of information about tax increment revenue.
This bill:
AI-generated summary. We recommend consulting the bill text for important decisions.
Several major state economic development authorities — including the Utah Inland Port Authority, the Point of the Mountain State Land Authority, the Utah Fairpark Area Investment and Restoration District, the Military Installation Development Authority, and the Governor's Office of Economic Opportunity — must now publish annual reports on their websites by June 30 each year detailing how they collect and spend tax increment financing (a tool where the extra tax revenue generated by development in a designated area is redirected back into that area). The required disclosures include property value changes, historical receipts and spending, comparisons between actual and originally forecasted revenue, and how long each authority can continue collecting those funds. Each authority must also notify a legislative oversight committee by September 1 that it has complied and provide the web address where the information is posted.
Introduction
Feb 3
House Rules
House Committee
House Floor Vote
Senate Rules
Senate Committee
Senate 2nd Reading
Senate 3rd Reading
Governor
IntroductionFeb 3
House Rules
House Committee
House Floor Vote
Senate Rules
Senate Committee
Senate 2nd Reading
Senate 3rd Reading
Governor
This bill deals with the publication of information about tax increment revenue.
This bill:
AI-generated summary. We recommend consulting the bill text for important decisions.
Several major state economic development authorities — including the Utah Inland Port Authority, the Point of the Mountain State Land Authority, the Utah Fairpark Area Investment and Restoration District, the Military Installation Development Authority, and the Governor's Office of Economic Opportunity — must now publish annual reports on their websites by June 30 each year detailing how they collect and spend tax increment financing (a tool where the extra tax revenue generated by development in a designated area is redirected back into that area). The required disclosures include property value changes, historical receipts and spending, comparisons between actual and originally forecasted revenue, and how long each authority can continue collecting those funds. Each authority must also notify a legislative oversight committee by September 1 that it has complied and provide the web address where the information is posted.
House/ filed
House file for bills not passed
House/ strike enacting clause
Clerk of the House
House/ received fiscal note from Fiscal Analyst
House Rules Committee
LFA/ fiscal note publicly available for HB0461
Released
LFA/ fiscal note sent to sponsor for HB0461
Version Sponsor
Last updated Mar 26, 2026, 9:41 PM