S.B. 243: Tax Increment Amendments
2026 General Session · Originating chamber: Senate
What the bill does
Did not pass both chambers; the bill was filed on March 6, 2026.
This bill addresses tax increments for a housing and transit reinvestment zone proposal.
- Amends, for certain housing and transit reinvestment zones proposed by a municipality or county: the term of years and period in which a property tax increment may be captured; and the period in which the collection of a property tax increment is triggered
- Makes technical and conforming changes
How it moved
- · Senate1st reading (Introduced)
- · Senateto standing committee
- · SenateSenate Comm - Amendment Recommendation
- · SenateSenate Comm - Motion to Recommend Failed
- · SenateSenate Comm - Recommends Returned to Rules
- · Senatefiled
Fiscal note
- State revenue: Enactment of this legislation likely will not materially impact state revenue.
- State expenditures: Enactment of this legislation likely will not materially impact state expenditures.
- Local government: Enactment of this legislation could accelerate by up to ten years the shift of property tax revenue from local governmental entities that generate tax increment to the underlying municipal government.
- Individuals and businesses: Enactment of this legislation likely will not result in direct expenditures from tax or fee changes for Utah residents and businesses.
Bill overview
Sponsor: Kathleen A. Riebe
Legislature passed-list status: Not available in the saved metadata.
Latest recorded action
filed
The full step list is above. Find the bill in the official session list for status, hearings and committee records.
Recorded floor votes
No floor-vote records for this bill and session are available here. This does not mean no vote occurred; consult the official bill record.
Ledger coverage
No Ledger stories with an explicit source link to this bill and session are listed here.