Section 59-2-926 - Proposed tax increase by state - Notice - Contents - DatesIf the state authorizes a tax rate that exceeds the combined basic rate described in Section 53F-2-301, or authorizes a levy pursuant to Section 59-2-1602 that exceeds the certified revenue levy as defined in Section 59-2-102, the state shall publish a notice no later than 10 days after the last day of the annual legislative general session that meets the following requirements:
(1)(a) The Office of the Legislative Fiscal Analyst shall advertise that the state authorized a levy that generates revenue in excess of the previous year's ad valorem tax revenue, plus eligible new growth as defined in Section 59-2-924, but exclusive of revenue from collections from redemptions, interest, and penalties: (i) in a newspaper of general circulation in the state; and(ii) as required in Section 45-1-101.(b) Except an advertisement published on a website, the advertisement described in Subsection (1)(a): (i) shall be no less than 1/4 page in size and the type used shall be no smaller than 18 point, and surrounded by a 1/4-inch border;(ii) may not be placed in that portion of the newspaper where legal notices and classified advertisements appear; and(2) The form and content of the notice shall be substantially as follows: "NOTICE OF TAX INCREASE
The state has budgeted an increase in its property tax revenue from $__________ to $__________ or ____%. The increase in property tax revenues will come from the following sources (include all of the following provisions):
(a) $__________ of the increase will come from (provide an explanation of the cause of adjustment or increased revenues, such as reappraisals or factoring orders);(b) $__________ of the increase will come from natural increases in the value of the tax base due to (explain cause of eligible new growth, such as new building activity, annexation, etc.); and(c) a home valued at $100,000 in the state of Utah which based on last year's (levy for the basic state-supported school program, applicable tax rate for the Property Tax Valuation Fund, or both) paid $____________ in property taxes would pay the following:(i) $__________ if the state of Utah did not budget an increase in property tax revenue exclusive of eligible new growth; and(ii) $__________ under the increased property tax revenues exclusive of eligible new growth budgeted by the state of Utah."Amended by Chapter 7, 2023 General Session ,§ 12, eff. 7/1/2023.Amended by Chapter 451, 2022 General Session ,§ 17, eff. 5/4/2022.Amended by Chapter 456, 2018 General Session ,§ 27, eff. 5/8/2018, op. 1/1/2018.Amended by Chapter 415, 2018 General Session ,§ 72, eff. 3/22/2018.Amended by Chapter 367, 2016 General Session ,§ 13, eff. 1/1/2017.Amended by Chapter 388, 2009 General SessionAffected by 63I-2-259 on 7/1/2023