Payson's audit describes two tax-rebate agreements: 100 & Main and Parris RV
Payson's fiscal 2025 audit describes two economic development agreements that rebate sales and property taxes: one with 100 & Main, LLC capped at $391,968 or 20 years, and one with Parris RV capped at $1 million.
Continuing story: Auditing Payson
Payson's audited fiscal 2025 financial report describes two agreements under which the city rebates tax revenue to businesses. [1]
The first, with 100 & Main, LLC, rebates a combination of sales and property tax. "The total of the rebate is $391,968 or 20 years, whichever comes first," the audit says, and the agreement began in October 2008. [1]
The second, with Parris RV, also known as BD Parris, LLC, was entered into on Dec. 1, 2021. The audit says that "for a term of 15 years (2022 through 2035)" Parris RV will receive a percentage of sales and property tax receipts up to $1,000,000 over the term of the contract. [1]
What the audit doesn't show
The note does not report annual or cumulative payments under either agreement, the remaining amount under each cap, or the percentage rebated. The audit gives the Parris term as 15 years and the span as 2022 through 2035. [1]
The records reviewed do not include the executed agreements.
The amounts are maximums described in the audit, not payments.
Sources
- Payson City · FY2025 Annual Comprehensive Financial Report (Larson & Company, Dec. 3, 2025), Note 14
Reporting by The Utah Ledger from the public records above. AI-assisted, checked against those records.