time in lieu fee payment -- Passage of title. (1) For purposes of this section, "governmental entity" means: (a) the United States; (b) the state; (c) a political subdivision of the state, including a county, city, town, school district, special district, or special service district; or (d) an entity created by the state or the United States, including an agency, board, bureau, commission, committee, department, division, institution, instrumentality, or office. (2) (a) Except as provided in Subsections (3) and (4), land acquired by a governmental entity is subject to the rollback tax imposed by this part if: (i) before the governmental entity acquires the land, the land is assessed under this part; and (ii) after the governmental entity acquires the land, the land does not meet the requirements of Section 59-2-1703 for assessment under this part. (b) A person dedicating a public right-of-way to a governmental entity shall pay the rollback tax imposed by this part if: (i) a portion of the public right-of-way is located within a subdivision as defined in Section 10-20-102; or (ii) in exchange for the dedication, the person dedicating the public right-of-way receives money or other consideration. (3) (a) Except as provided in Subsection (4), land acquired by a governmental entity is not subject to the rollback tax imposed by this part, but is subject to a one-time in lieu fee payment as provided in Subsection (3)(b), if: (i) the governmental entity acquires the land by eminent domain; (ii) (A) the land is under the threat or imminence of eminent domain proceedings; and (B) the governmental entity provides written notice of the proceedings to the owner; or (iii) the land is donated to the governmental entity. (b) (i) If a governmental entity acquires land under Subsection (3)(a)(iii), the governmental entity shall make a one-time in lieu fee payment: (A) to the county treasurer of the county in which the land is located; and (B) in an amount equal to the amount of rollback tax calculated under Section 59-2-1705. (ii) A governmental entity that acquires land under Subsection (3)(a)(i) or (ii) shall make a one- time in lieu fee payment to the county treasurer of the county in which the land is located: (A) if the land remaining after the acquisition by the governmental entity meets the requirements of Section 59-2-1703, in an amount equal to the rollback tax under Section
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