Section 59-2-913 - Definitions - Statement of amount and purpose of levy - Contents of statement - Filing with county auditor - Transmittal to commission - Calculations for establishing tax levies - Format of statement(1) As used in this section, "budgeted property tax revenues" does not include property tax revenue received by a taxing entity from personal property that is: (a) assessed by a county assessor in accordance with Part 3, County Assessment; and(b) semiconductor manufacturing equipment.(2)(a) The legislative body of each taxing entity shall file a statement as provided in this section with the county auditor of the county in which the taxing entity is located.(b) The auditor shall annually transmit the statement to the commission:(ii) with the approval of the commission, on a subsequent date prior to the date required by Section 59-2-1317 for the county treasurer to provide the notice under Section 59-2-1317.(c) The statement shall contain the amount and purpose of each levy fixed by the legislative body of the taxing entity.(3) For purposes of establishing the levy set for each of a taxing entity's applicable funds, the legislative body of the taxing entity shall calculate an amount determined by dividing the budgeted property tax revenues, specified in a budget that has been adopted and approved prior to setting the levy, by the amount calculated under Subsections 59-2-924(4)(b)(i) through (iv).(4) The format of the statement under this section shall: (a) be determined by the commission; and(b) cite any applicable statutory provisions that:(i) require a specific levy; or(ii) limit the property tax levy for any taxing entity.(5) The commission may require certification that the information submitted on a statement under this section is true and correct.Amended by Chapter 368, 2018 General Session ,§ 2, eff. 5/8/2018.Amended by Chapter 367, 2016 General Session ,§ 9, eff. 1/1/2017.Amended by Chapter 350, 2016 General Session ,§ 161, eff. 5/10/2016.Amended by Chapter 279, 2014 General Session ,§ 3, eff. 5/13/2014.Amended by Chapter 61, 2008 General Session
Amended by Chapter 231, 2008 General Session
Amended by Chapter 236, 2008 General Session