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Utah's Housing and Transit Reinvestment Zone program allows cities, counties, and transit districts to redirect a portion of new property tax and sales tax growth near transit stations toward funding housing and infrastructure projects. This bill would simplify how the "base year" — the starting point used to measure that tax growth — is calculated, remove the current requirement that a proposed transit station appear in a public transit district's long-range plan (keeping only the requirement that it appear in a regional planning organization's transportation plan), and increase from three to five the number of times a zone can trigger a new round of property tax collection over its lifetime. It would also allow zones near light rail or bus rapid transit stations to expand to cover three stations instead of two, with a larger allowable area of up to 250 acres, and would create specific new rules for a convention center reinvestment zone in Utah's capital city, including allowing separate tax-increment collection notices for different parts of that project and requiring collection to begin within five years of approval. Additional changes would establish a formal process for adjusting zone boundaries, create a new "extraterritorial affordable housing" category that could count toward a zone's affordable housing requirements even when built outside its boundaries, and coordinate these changes with a related bill, Senate Bill 39.