Utah 2026 General Session Status: To Executive 2 R cosponsors

SB 221 — Housing and Transit Reinvestment Zone Amendments

Last action — Senate/ filed

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been sent to the executive. Introduced January 29, 2026. It awaits signature.

Next likely step: the executive signs it into law or issues a veto.

Prognosis

Advancing 46% · moderate confidence

Where this bill stands today.

Odds of enactment

Moderate

How often bills like it became law.

  • To Executive

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 R).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

468 added · 465 removed

Plain-language change summary

The latest version of Bill SB 221 introduces a coordination clause to better align it with another bill, S.B. 39, which deals with investment zones. Additionally, it clarifies certain requirements and exceptions related to boundary adjustments for these investment zones and modifies existing community reinvestment project provisions. These changes are significant because they enhance the integration of policies concerning investment zones, streamlining processes and ensuring consistency in legislative efforts.

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SB0221S02 compared with SB0221S01 {Omitted text} shows text that was in SB0221S01 but was omitted in SB0221S02 inserted text shows text that was not in SB0221S01 but was inserted into SB0221S02 DISCLAIMER:
SB0221S02 compared with SB0221 {Omitted text} shows text that was in SB0221 but was omitted in SB0221S02 inserted text shows text that was not in SB0221 but was inserted into SB0221S02 DISCLAIMER:
S ▸ amends certain provisions regarding an existing community reinvestment project;
▸ amends certain provisions regarding an existing community reinvestment project;
{andB ▸ makes technical and conforming changes{.} ;
{and} ▸ makes technical and conforming changes{.} ;
and 0 ▸ includes a coordination clause to coordinate changes in this bill with S.B.
and S ▸ includes a coordination clause to coordinate changes in this bill with S.B.
S Money Appropriated in this Bill:
2 Money Appropriated in this Bill:
1 SB0221S01 compared with SB0221S02 None Other Special Clauses:
SB0221 compared with SB0221S02 None Other Special Clauses:
- 2 - SB0221S01 compared with SB0221S02 (ii) "Ad valorem property tax revenue" does not include:
- 2 - SB0221 compared with SB0221S02 (ii) "Ad valorem property tax revenue" does not include:
- 3 - SB0221S01 compared with SB0221S02 (v) for an authority created under Section 63H-1-201, the same as that term is defined in Section 63H-1-102;
- 3 - SB0221 compared with SB0221S02 (v) for an authority created under Section 63H-1-201, the same as that term is defined in Section 63H-1-102;
- 4 - SB0221S01 compared with SB0221S02 (ii) coal;
- 4 - SB0221 compared with SB0221S02 (ii) coal;
- 5 - SB0221S01 compared with SB0221S02 (j) "Eligible new growth" means the greater of:
- 5 - SB0221 compared with SB0221S02 (j) "Eligible new growth" means the greater of:
and - 6 - SB0221S01 compared with SB0221S02 (B) the number that represents the adjusted tax increment from that project area that is paid to the agency;
and - 6 - SB0221 compared with SB0221S02 (B) the number that represents the adjusted tax increment from that project area that is paid to the agency;
and - 7 - SB0221S01 compared with SB0221S02 (B) the number that represents the percentage of the tax increment that is paid to the first home investment zone;
and - 7 - SB0221 compared with SB0221S02 (B) the number that represents the percentage of the tax increment that is paid to the first home investment zone;
or - 8 - SB0221S01 compared with SB0221S02 (D) assessed value based on whether a property is assessed under Part 17, Urban Farming Assessment Act.
or - 8 - SB0221 compared with SB0221S02 (D) assessed value based on whether a property is assessed under Part 17, Urban Farming Assessment Act.
- 9 - SB0221S01 compared with SB0221S02 (ii) for the Point of the Mountain State Land Authority created in Section 11-59-201, an amount equal to the incremental value that is no longer provided to the Point of the Mountain State Land Authority as property tax augmentation, as defined in Section [11-59-207] 11-59-208;
- 9 - SB0221 compared with SB0221S02 (ii) for the Point of the Mountain State Land Authority created in Section 11-59-201, an amount equal to the incremental value that is no longer provided to the Point of the Mountain State Land Authority as property tax augmentation, as defined in Section [11-59-207] 11-59-208;
- 10 - SB0221S01 compared with SB0221S02 (ii) for a housing and transit reinvestment zone or convention center reinvestment zone created under Title 63N, Chapter 3, Part 6, Housing and Transit Reinvestment Zone Act, the same as the term "property tax increment" is defined in Section 63N-3-602;
- 10 - SB0221 compared with SB0221S02 (ii) for a housing and transit reinvestment zone or convention center reinvestment zone created under Title 63N, Chapter 3, Part 6, Housing and Transit Reinvestment Zone Act, the same as the term "property tax increment" is defined in Section 63N-3-602;
- 11 - SB0221S01 compared with SB0221S02 (ii) after making the calculation required by Subsection (4)(b)(i), calculate an amount determined by increasing or decreasing the amount calculated under Subsection (4)(b)(i) by the average of the percentage net change in the value of taxable property for the equalization period for the three calendar years immediately preceding the current calendar year;
- 11 - SB0221 compared with SB0221S02 (ii) after making the calculation required by Subsection (4)(b)(i), calculate an amount determined by increasing or decreasing the amount calculated under Subsection (4)(b)(i) by the average of the percentage net change in the value of taxable property for the equalization period for the three calendar years immediately preceding the current calendar year;
and - 12 - SB0221S01 compared with SB0221S02 (ii) a levy to pay for the costs of state legislative mandates or judicial or administrative orders under Section 59-2-1602.
and - 12 - SB0221 compared with SB0221S02 (ii) a levy to pay for the costs of state legislative mandates or judicial or administrative orders under Section 59-2-1602.
- 13 - SB0221S01 compared with SB0221S02 (i) the amount calculated under Subsection (9)(b) is 10% or more of the year end taxable value of the real and personal property the commission assesses in accordance with Part 2, Assessment of Property, for the previous year, adjusted for prior year end incremental value;
- 13 - SB0221 compared with SB0221S02 (i) the amount calculated under Subsection (9)(b) is 10% or more of the year end taxable value of the real and personal property the commission assesses in accordance with Part 2, Assessment of Property, for the previous year, adjusted for prior year end incremental value;
(4) - 14 - SB0221S01 compared with SB0221S02 (a) "Base year" means, [for each property tax increment collection period triggered within a proposed housing and transit reinvestment zone or convention center reinvestment zone project area, the calendar year prior to the calendar year the property tax increment begins to be collected for the parcels that are in a project that is triggered for that collection period] {for a proposed housing and transit reinvestment zone, convention center reinvestment zone project area, first home investment zone, or home ownership promotion zone, } the calendar year immediately preceding the calendar year in which the first year of property tax increment collection is triggered.
(4) - 14 - SB0221 compared with SB0221S02 (a) "Base year" means, [for each property tax increment collection period triggered within a proposed housing and transit reinvestment zone or convention center reinvestment zone project area, the calendar year prior to the calendar year the property tax increment begins to be collected for the parcels that are in a project that is triggered for that collection period] {for a proposed housing and transit reinvestment zone, convention center reinvestment zone project area, first home investment zone, or home ownership promotion zone, } the calendar year immediately preceding the calendar year in which the first year of property tax increment collection is triggered.
- 15 - SB0221S01 compared with SB0221S02 (10) "Convention center" means a convention center owned by a county of the first class within a city of the first class.
- 15 - SB0221 compared with SB0221S02 (10) "Convention center" means a convention center owned by a county of the first class within a city of the first class.
(17) "Enhanced development costs" means extra costs associated with structured parking costs, vertical construction costs, horizontal construction costs, life safety costs, structural costs, conveyor or - 16 - SB0221S01 compared with SB0221S02 elevator costs, and other costs incurred due to the increased height of buildings or enhanced development.
(17) "Enhanced development costs" means extra costs associated with structured parking costs, vertical construction costs, horizontal construction costs, life safety costs, structural costs, conveyor or - 16 - SB0221 compared with SB0221S02 elevator costs, and other costs incurred due to the increased height of buildings or enhanced development.
- 17 - SB0221S01 compared with SB0221S02 (31) "Project{ area}" means a housing and transit reinvestment zone{[ or {]} , }convention center reinvestment zone{, or convention center reinvestment zone in a capital city} created under this {[part{]} chapter}.
- 17 - SB0221 compared with SB0221S02 (31) "Project" means a housing and transit reinvestment zone or convention center reinvestment zone created under this part.
and - 18 - SB0221S01 compared with SB0221S02 (v) imposed by a county of the first class under Title 59, Chapter 12, Part 22, Local Option Sales and Use Taxes for Transportation Act.
and - 18 - SB0221 compared with SB0221S02 (v) imposed by a county of the first class under Title 59, Chapter 12, Part 22, Local Option Sales and Use Taxes for Transportation Act.
- 19 - SB0221S01 compared with SB0221S02 (A) imposed by a city of the first class in a county of the first class under Title 59, Chapter 12, Part 2, Local Sales and Use Tax Act;
- 19 - SB0221 compared with SB0221S02 (A) imposed by a city of the first class in a county of the first class under Title 59, Chapter 12, Part 2, Local Sales and Use Tax Act;
- 20 - SB0221S01 compared with SB0221S02 (j) increasing access to employment and educational opportunities;
- 20 - SB0221 compared with SB0221S02 (j) increasing access to employment and educational opportunities;
(iii) A municipality or public transit county shall include in a housing and transit reinvestment zone proposal an affordable housing plan, which may include deed restrictions, to ensure the affordable - 21 - SB0221S01 compared with SB0221S02 housing required in the proposal will continue to meet the definition of affordable housing at least throughout the entire term of the housing and transit reinvestment zone.
(iii) A municipality or public transit county shall include in a housing and transit reinvestment zone proposal an affordable housing plan, which may include deed restrictions, to ensure the affordable - 21 - SB0221 compared with SB0221S02 housing required in the proposal will continue to meet the definition of affordable housing at least throughout the entire term of the housing and transit reinvestment zone.
and - 22 - SB0221S01 compared with SB0221S02 (iii) the commencement of collection of property tax increment, for all or a portion of the housing and transit reinvestment zone project area, shall be triggered by providing notice as described in Subsection (6), but a housing and transit reinvestment zone proposal may not propose or include triggering more than [three] five property tax increment collection periods for the same project during the applicable 45-year period.
and - 22 - SB0221 compared with SB0221S02 (iii) the commencement of collection of property tax increment, for all or a portion of the housing and transit reinvestment zone project area, shall be triggered by providing notice as described in Subsection (6), but a housing and transit reinvestment zone proposal may not propose or include triggering more than [three] five property tax increment collection periods for the same project during the applicable 45-year period.
(c) For a housing and transit reinvestment zone proposed by a public transit county at a public transit hub, or for a housing and transit reinvestment zone proposed by a municipality at a bus rapid transit station, if the proposed housing density within the housing and transit reinvestment zone is - 23 - SB0221S01 compared with SB0221S02 between 39 and 49 dwelling units per acre, the maximum capture of each taxing entity's property tax increment above the base year is 60%.
(c) For a housing and transit reinvestment zone proposed by a public transit county at a public transit hub, or for a housing and transit reinvestment zone proposed by a municipality at a bus rapid transit station, if the proposed housing density within the housing and transit reinvestment zone is - 23 - SB0221 compared with SB0221S02 between 39 and 49 dwelling units per acre, the maximum capture of each taxing entity's property tax increment above the base year is 60%.
(5) - 24 - SB0221S01 compared with SB0221S02 (a) For a housing and transit reinvestment zone for a commuter rail station, if a parcel is intersected by the relevant radius limitation, the full parcel may be included as part of the housing and transit reinvestment zone area and will not count against the limitations described in Subsection (4)(a)(i).
(5) - 24 - SB0221 compared with SB0221S02 (a) For a housing and transit reinvestment zone for a commuter rail station, if a parcel is intersected by the relevant radius limitation, the full parcel may be included as part of the housing and transit reinvestment zone area and will not count against the limitations described in Subsection (4)(a)(i).
(7) - 25 - SB0221S01 compared with SB0221S02 (a) The maximum number of housing and transit reinvestment zones at light rail stations, not including a convention center reinvestment zone, is eight in any given county.
(7) - 25 - SB0221 compared with SB0221S02 (a) The maximum number of housing and transit reinvestment zones at light rail stations, not including a convention center reinvestment zone, is eight in any given county.
- 26 - SB0221S01 compared with SB0221S02 (ii) commercial uses, including office, retail, educational, and healthcare in support of the mixed-use development constituting no more than [1/3] one-third of the total planned gross building square footage of the subject parcels;
- 26 - SB0221 compared with SB0221S02 (ii) commercial uses, including office, retail, educational, and healthcare in support of the mixed-use development constituting no more than [1/3] one-third of the total planned gross building square footage of the subject parcels;
- 27 - SB0221S01 compared with SB0221S02 (1) A convention center reinvestment zone proposal created under this part shall demonstrate how the proposal addresses the following objectives:
- 27 - SB0221 compared with SB0221S02 (1) A convention center reinvestment zone proposal created under this part shall demonstrate how the proposal addresses the following objectives:
- 28 - SB0221S01 compared with SB0221S02 (b) The convention center reinvestment zone proposal shall include the respective start date and base year date from which to calculate:
- 28 - SB0221 compared with SB0221S02 (b) The convention center reinvestment zone proposal shall include the respective start date and base year date from which to calculate:
- 29 - SB0221S01 compared with SB0221S02 (b) For a convention center reinvestment zone that is not in a capital city, the Governor's Office of Economic Opportunity shall propose a convention center reinvestment zone within 60 days after receiving a petition from the relevant city.
- 29 - SB0221 compared with SB0221S02 (b) For a convention center reinvestment zone that is not in a capital city, the Governor's Office of Economic Opportunity shall propose a convention center reinvestment zone within 60 days after receiving a petition from the relevant city.
- 30 - SB0221S01 compared with SB0221S02 (viii) establishes a base year and collection period to calculate the property tax increment within the housing and transit reinvestment zone;
- 30 - SB0221 compared with SB0221S02 (viii) establishes a base year and collection period to calculate the property tax increment within the housing and transit reinvestment zone;
- 31 - SB0221S01 compared with SB0221S02 (2) As part of the proposal described in Subsection (1), a municipality or public transit county shall study and evaluate possible impacts of a proposed housing and transit reinvestment zone on parking within the city and housing and transit reinvestment zone.
- 31 - SB0221 compared with SB0221S02 (2) As part of the proposal described in Subsection (1), a municipality or public transit county shall study and evaluate possible impacts of a proposed housing and transit reinvestment zone on parking within the city and housing and transit reinvestment zone.
(i) within 14 days after the date on which the Governor's Office of Economic Opportunity receives the proposal described in Subsection (1)(b), provide notice of the proposal to all affected taxing entities, including the State Tax Commission, cities, counties, school districts, metropolitan planning organizations, and the county assessor and county auditor of the county in which the housing and transit reinvestment zone is located;
(i) within 14 days after the date on which the Governor's Office of Economic Opportunity receives the proposal described in Subsection (1)(b), provide notice of the proposal to all affected taxing entities, including the State Tax Commission, cities, counties, school districts, metropolitan planning organizations, and the {[county assessor and ]} county auditor of the county in which the housing and transit reinvestment zone is located;
- 32 - SB0221S01 compared with SB0221S02 (4) After receiving the results from the analysis described in Subsection (3)(b), the municipality or public transit county proposing the housing and transit reinvestment zone may:
- 32 - SB0221 compared with SB0221S02 (4) After receiving the results from the analysis described in Subsection (3)(b), the municipality or public transit county proposing the housing and transit reinvestment zone may:
- 33 - SB0221S01 compared with SB0221S02 (v) provides estimated project and investment objectives for the convention center reinvestment zone;
- 33 - SB0221 compared with SB0221S02 (v) provides estimated project and investment objectives for the convention center reinvestment zone;
(4) After submitting the proposal as described in Subsection (2), the Governor's Office of Economic Opportunity shall provide notice of the proposal to all affected taxing entities, including the State Tax Commission, cities, counties, school districts, metropolitan planning organizations, and the county assessor and county auditor of the county in which the convention center reinvestment zone is located.
(4) After submitting the proposal as described in Subsection (2), the Governor's Office of Economic Opportunity shall provide notice of the proposal to all affected taxing entities, including the State Tax Commission, cities, counties, school districts, metropolitan planning organizations, and the {[county assessor and ]} county auditor of the county in which the convention center reinvestment zone is located.
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- 34 - SB0221S01 compared with SB0221S02 Section 7.
- 34 - SB0221 compared with SB0221S02 Section 7.
- 35 - SB0221S01 compared with SB0221S02 (5) (a) After the Governor's Office of Economic Opportunity receives the results of the analysis described in Section 63N-3-604, and after the Governor's Office of Economic Opportunity has received a request from the submitting municipality or public transit county to submit the housing and transit reinvestment zone proposal to the housing and transit reinvestment zone committee, the Governor's Office of Economic Opportunity shall notify each of the entities described in Subsection (2) of the formation of the housing and transit reinvestment zone committee.
- 35 - SB0221 compared with SB0221S02 (5) (a) After the Governor's Office of Economic Opportunity receives the results of the analysis described in Section 63N-3-604, and after the Governor's Office of Economic Opportunity has received a request from the submitting municipality or public transit county to submit the housing and transit reinvestment zone proposal to the housing and transit reinvestment zone committee, the Governor's Office of Economic Opportunity shall notify each of the entities described in Subsection (2) of the formation of the housing and transit reinvestment zone committee.
(i) - 36 - SB0221S01 compared with SB0221S02 (A) for a housing and transit reinvestment zone, request changes to the housing and transit reinvestment zone proposal based on the analysis, characteristics, and criteria described in Section 63N-3-604;
(i) - 36 - SB0221 compared with SB0221S02 (A) for a housing and transit reinvestment zone, request changes to the housing and transit reinvestment zone proposal based on the analysis, characteristics, and criteria described in Section 63N-3-604;
and (A){(iii)} {the } if a municipality or public transit {district presents an amendment to the } county has not entered into one or more agreements described in Subsection (9)(b)(i) implementing a housing and transit reinvestment zone{, convention center } within two years after the approval - 37 - SB0221S01 compared with SB0221S02 of the housing and transit reinvestment zone{, or first home investment zone proposal } proposal, the municipality or public transit county shall submit a written report to the housing and transit reinvestment zone committee {that demonstrates a compelling public interest to alter the approved zoning;
and (A){(iii)} {the } if a municipality or public transit {district presents an amendment to the } county has not entered into one or more agreements described in Subsection (9)(b)(i) implementing a housing and transit reinvestment zone{, convention center } within two years after the approval - 37 - SB0221 compared with SB0221S02 of the housing and transit reinvestment zone{, or first home investment zone proposal } proposal, the municipality or public transit county shall submit a written report to the housing and transit reinvestment zone committee {that demonstrates a compelling public interest to alter the approved zoning;
{(11) The housing and transit reinvestment zone committee may amend or terminate an established housing and transit reinvestment zone, convention center reinvestment zone, or first home investment zone if:} {(a) the municipality or public transit county fails to meet the objectives of the approved housing and transit reinvestment zone, convention center reinvestment zone, or first home investment zone proposal;
{(11) The housing and transit reinvestment zone committee may amend an established housing and transit reinvestment zone, convention center reinvestment zone, or first home investment zone if:} {(a) the municipality or public transit county fails to meet the objectives of the approved housing and transit reinvestment zone, convention center reinvestment zone, or first home investment zone proposal;
- 38 - SB0221S01 compared with SB0221S02 Section 8.
Section 8.
63N-3-607.
- 38 - SB0221 compared with SB0221S02 63N-3-607.
- 39 - SB0221S01 compared with SB0221S02 (A) are consistent with the approval of the housing and transit reinvestment zone committee;
(A) are consistent with the approval of the housing and transit reinvestment zone committee;
and (B) meet the requirements of Section 63N-3-603 or, for a convention center reinvestment zone, the requirements of Section 63N-3-603.1.
and - 39 - SB0221 compared with SB0221S02 (B) meet the requirements of Section 63N-3-603 or, for a convention center reinvestment zone, the requirements of Section 63N-3-603.1.
- 40 - SB0221S01 compared with SB0221S02 (iii) enhanced development costs;
(iii) enhanced development costs;
(iv) horizontal construction costs;
- 40 - SB0221 compared with SB0221S02 (iv) horizontal construction costs;
- 41 - SB0221S01 compared with SB0221S02 (7) (a) Housing and transit reinvestment zone funds may be used to pay all of the costs of bonds issued by the municipality or public transit county in accordance with Title 17C, Chapter 1, Part 5, Agency Bonds, including the cost to issue and repay the bonds including interest.
(7) - 41 - SB0221 compared with SB0221S02 (a) Housing and transit reinvestment zone funds may be used to pay all of the costs of bonds issued by the municipality or public transit county in accordance with Title 17C, Chapter 1, Part 5, Agency Bonds, including the cost to issue and repay the bonds including interest.
and (b) if a community reinvestment project area plan expires before the housing and transit reinvestment zone, the housing and transit reinvestment zone may capture the property tax increment allocated to the community reinvestment project area plan for any remaining portion of the term of the housing - 42 - SB0221S01 compared with SB0221S02 and transit reinvestment zone and the base year shall be updated in accordance with Subsection 63N-3-602(4).
and (b) if a community reinvestment project area plan expires before the housing and transit reinvestment zone, the housing and transit reinvestment zone may capture the property tax increment allocated to the community reinvestment project area plan for any remaining portion of the term of the housing - 42 - SB0221 compared with SB0221S02 and transit reinvestment zone and the base year shall be updated in accordance with Subsection 63N-3-602(4).
(2) {For a housing and transit reinvestment zone created under this part that overlaps any portion of an existing community reinvestment project area plan created in accordance with Title 17C, Limited Purpose Local Government Entities - Community Reinvestment Agency Act, that includes a retail facility with a gross sales floor area greater than 140,000 square feet, and if the development includes at least one housing unit for every 1,250 square feet of retail space within the development:} {(a) if the community reinvestment project area captures less than 80% of the property tax increment from a taxing entity, or if a taxing entity is not participating in the community reinvestment project area plan, the housing and transit reinvestment zone may capture the difference between:} {(i) 80%;
(2) {(a) For a housing and transit reinvestment zone created under this part that overlaps any portion of an existing community reinvestment project area plan that includes a retail facility with a gross sales floor area greater than 140,000 square feet, and if the development includes at least one housing unit for every 1,250 square feet of retail space within the development, the housing and transit reinvestment zone may capture up to 80% of the property tax increment generated above a base year in accordance with Subsection 63N-3-602(4).} {(b) {If a community reinvestment project area plan expires before the housing and transit reinvestment zone, the housing and transit reinvestment zone may not capture the property tax increment allocated to the community reinvestment project area plan for any remaining portion of the term of the housing and transit reinvestment zone and the base year shall be updated in accordance with Subsection 63N-3-602(4).} {(3)} For a convention center reinvestment zone created under this part that overlaps any portion of an existing community reinvestment project area created in accordance with Title 17C, Limited Purpose Local Government Entities - Community Reinvestment Agency Act:
and} {(ii) the percentage of property tax increment captured in accordance with the community reinvestment project area plan;
and} {(b) If a community reinvestment project area plan expires before the housing and transit reinvestment zone, the housing and transit reinvestment zone may not capture the property tax increment allocated to the community reinvestment project area plan for any remaining portion of the term of the housing and transit reinvestment zone and the base year shall be updated in accordance with Subsection 63N-3-602(4).} {(c) {The county assessor shall verify that the retail facility and housing unit requirements described in Subsection (2) are met before the housing and transit reinvestment zone may capture the property tax increment described in Subsection (2)(a).} {(3)} For a convention center reinvestment zone created under this part that overlaps any portion of an existing community reinvestment project area created in accordance with Title 17C, Limited Purpose Local Government Entities - Community Reinvestment Agency Act:
and - 43 - SB0221S01 compared with SB0221S02 (b) if a community reinvestment project area plan expires before the convention center reinvestment zone, the convention center reinvestment zone may capture the property tax increment allocated to the community reinvestment project area for any remaining portion of the term of the convention center reinvestment zone with the base year relating back to the base year established by the community reinvestment project area.
and (b) if a community reinvestment project area plan expires before the convention center reinvestment zone, the convention center reinvestment zone may capture the property tax increment allocated to the community reinvestment project area for any remaining portion of the term of the convention center reinvestment zone with the base year relating back to the base year established by the community reinvestment project area.
(3) (a) For a housing and transit reinvestment zone created under this part that overlaps any portion of an existing community reinvestment project area plan created in accordance with Title 17C, Limited Purpose Local Government Entities - Community Reinvestment Agency Act, that includes a retail facility with a gross sales floor area greater than 140,000 square feet, and if the development includes at least one housing unit for every 1,250 square feet of retail space within the development:
(3) (a) For a housing and transit reinvestment zone created under this part that overlaps any portion of an existing community reinvestment project area plan created in accordance with Title 17C, Limited - 43 - SB0221 compared with SB0221S02 Purpose Local Government Entities - Community Reinvestment Agency Act, that includes a retail facility with a gross sales floor area greater than 140,000 square feet, and if the development includes at least one housing unit for every 1,250 square feet of retail space within the development:
[ If the relevant county assessor or county auditor adjusts parcel boundaries relevant - 44 - SB0221S01 compared with SB0221S02 to a housing and transit reinvestment zone or a convention center reinvestment zone, the municipality administering the property tax increment collected in the housing and transit reinvestment zone, or for a convention center reinvestment zone, the Governor's Office of Economic Opportunity may make corresponding adjustments to the boundary of the housing and transit reinvestment zone.] (1) (a) Subject to the requirements under this part, and after the housing and transit reinvestment zone committee approves a housing and transit reinvestment zone or a convention center reinvestment zone proposal in accordance with Section 63N-3-605, the Governor's Office of Economic Opportunity shall consult with the relevant county auditor to determine a boundary adjustment to a housing and transit reinvestment zone or a convention center reinvestment zone.
[ If the relevant county assessor or county auditor adjusts parcel boundaries relevant to a housing and transit reinvestment zone or a convention center reinvestment zone, the municipality administering the property tax increment collected in the housing and transit reinvestment zone, or for a convention center reinvestment zone, the Governor's Office of Economic Opportunity may make corresponding adjustments to the boundary of the housing and transit reinvestment zone.] (1) (a) Subject to the requirements under this part, and after the housing and transit reinvestment zone committee approves a housing and transit reinvestment zone or a convention center reinvestment - 44 - SB0221 compared with SB0221S02 zone proposal in accordance with Section 63N-3-605, the Governor's Office of Economic Opportunity shall consult with the relevant county auditor to determine a boundary adjustment to a housing and transit reinvestment zone or a convention center reinvestment zone.
(b){(ii)} If {a } the boundary adjustment {under } described in Subsection {(1)(a) } (1)(b)(i) is {requested} approved, the {county assessor } Governor's office of Economic Opportunity shall request approval of the proposed boundary adjustment from the housing and transit reinvestment zone committee before approving the boundary adjustment.
(ii) If the boundary adjustment described in Subsection (1)(b)(i) is approved, the Governor's office of Economic Opportunity shall request approval of the proposed boundary adjustment from the housing and transit reinvestment zone committee before approving the boundary adjustment.
(c) {A } Except as provided in Subsection (1)(d), a parcel may only be triggered for property tax increment collection on the legal parcel boundary drawn at the time the parcel is triggered for property tax increment collection.
(b){(c)} {The Governor's Office of Economic Opportunity } Except as provided in Subsection (1)(d), a parcel may {approve a } only be triggered for property tax increment collection on the legal parcel boundary {adjustment to } drawn at the time the parcel {list } is triggered for {purposes of the } property tax increment collection.
(d) (i) A convention center reinvestment zone in a capital city may commence a property tax increment collection at different times for different parcels or subareas within the convention center reinvestment zone in a capital city.
(d) (c){(i)} A {boundary adjustment under this Subsection (1) shall occur before the newly incorporated land within the adjusted boundary is triggered for the first year of } convention center reinvestment zone in a capital city may commence a property tax increment collectionat different times for different parcels or subareas within the convention center reinvestment zone in a capital city.
- 45 - SB0221S01 compared with SB0221S02 (a) the Governor's Office of Economic Opportunity determines that including the parcel in the housing and transit reinvestment zone or convention center reinvestment zone has a reasonable nexus to the purposes described in the relevant housing and transit reinvestment zone or convention center reinvestment zone proposal;
(a) the Governor's Office of Economic Opportunity determines that including the parcel in the housing and transit reinvestment zone or convention center reinvestment zone has a reasonable nexus to the purposes described in the relevant housing and transit reinvestment zone or convention center reinvestment zone proposal;
and (c) the boundary adjustment does not create a parcel that is entirely located outside one-half mile from a transit station.
and - 45 - SB0221 compared with SB0221S02 (c) the boundary adjustment does not create a parcel that is entirely located outside one-half mile from a transit station.
Section 11.
{(c)} {If a proposed boundary adjustment to a housing and transit reinvestment zone or convention center reinvestment zone made under this section creates a substantially different parcel list than the parcel list proposed in the approved housing and transit reinvestment zone or convention center reinvestment zone proposal, the Governor's Office of Economic Opportunity shall request approval of the proposed boundary adjustment from the housing and transit reinvestment zone committee before approving the boundary adjustment.} } Section 11.
- 46 - SB0221S01 compared with SB0221S02 (2) "Agency" means the same as that term is defined in Section 17C-1-102.
(2) "Agency" means the same as that term is defined in Section 17C-1-102.
(3) "Base taxable value" means the same as that term is defined in Section 63N-3-602.
- 46 - SB0221 compared with SB0221S02 (3) "Base taxable value" means the same as that term is defined in Section 63N-3-602.
- 47 - SB0221S01 compared with SB0221S02 (10) "Housing and transit reinvestment zone" means the same as that term is defined in Section 63N-3-602.
- 47 - SB0221 compared with SB0221S02 (10) "Housing and transit reinvestment zone" means the same as that term is defined in Section 63N-3-602.
and - 48 - SB0221S01 compared with SB0221S02 (ii) the amount of property tax revenue that would be generated from that same area using the base taxable value and each taxing entity's current certified tax rate as defined in Section 59-2-924.
and - 48 - SB0221 compared with SB0221S02 (ii) the amount of property tax revenue that would be generated from that same area using the base taxable value and each taxing entity's current certified tax rate as defined in Section 59-2-924.
- 49 - SB0221S01 compared with SB0221S02 (vii) identifies any development impediments that prevent the development from being a market-rate investment and proposed strategies for addressing each one;
- 49 - SB0221 compared with SB0221S02 (vii) identifies any development impediments that prevent the development from being a market-rate investment and proposed strategies for addressing each one;
(i) within 14 days after the date on which the Governor's Office of Economic Opportunity receives the proposal described in Subsection (1)(c), provide notice of the proposal to all affected taxing - 50 - SB0221S01 compared with SB0221S02 entities, including the State Tax Commission, cities, counties, school districts, metropolitan planning organizations, and the county assessor and county auditor of the county in which the first home investment zone is located;
(i) within 14 days after the date on which the Governor's Office of Economic Opportunity receives the proposal described in Subsection (1)(c), provide notice of the proposal to all affected taxing - 50 - SB0221 compared with SB0221S02 entities, including the State Tax Commission, cities, counties, school districts, metropolitan planning organizations, and the {[county assessor and ]} county auditor of the county in which the first home investment zone is located;
(c) After receiving notice from the Governor's Office of Economic Opportunity of a proposed first home investment zone as described in Subsection (3)(a)(i), the municipality, in consultation with the county assessor, the county auditor, and the State Tax Commission, shall:
(c) After receiving notice from the Governor's Office of Economic Opportunity of a proposed first home investment zone as described in Subsection (3)(a)(i), the municipality, in consultation with the county {[assessor]} {auditor} , the county auditor, and the State Tax Commission, shall:
(a) amend the first home investment zone proposal based on the findings of the analysis described in Subsection (3)(b) and request that the Governor's Office of Economic Opportunity submit - 51 - SB0221S01 compared with SB0221S02 the amended first home investment zone proposal to the housing and transit reinvestment zone committee;
(a) amend the first home investment zone proposal based on the findings of the analysis described in Subsection (3)(b) and request that the Governor's Office of Economic Opportunity submit - 51 - SB0221 compared with SB0221S02 the amended first home investment zone proposal to the housing and transit reinvestment zone committee;
[ If the relevant county assessor or county auditor adjusts parcel boundaries relevant to a first home investment zone, the municipality administering the tax increment collected in the first home investment zone may make corresponding adjustments to the boundary of the first home investment zone.] (1) (a) Subject to the requirements under this part, and after the housing and transit reinvestment zone committee approves a first home investment zone proposal in accordance with Section 63N-3-1604, the Governor's Office of Economic Opportunity shall consult with the relevant county auditor to determine a boundary adjustment to parcel boundaries relevant to a first home investment zone.
[ If the relevant county assessor or county auditor adjusts parcel boundaries relevant to a first home investment zone, the municipality administering the tax increment collected in the first home investment zone may make corresponding adjustments to the boundary of the first home investment zone.] (1) (a) Subject to the requirements under this part, and after the housing and transit reinvestment zone committee approves a first home investment zone proposal in accordance with Section {63N-3-605} 63N-3-1604, the Governor's Office of Economic Opportunity shall consult with the relevant county auditor to determine a boundary adjustment to parcel boundaries relevant to a first home investment zone.
(b) If a boundary adjustment under Subsection (1)(a) is requested, the county assessor shall request approval of the proposed boundary adjustment from the housing and transit reinvestment zone committee before approving the boundary adjustment.
(b) {The Governor's Office of Economic Opportunity may approve } If a boundary adjustment {to the parcel list for purposes } under Subsection (1)(a) is requested, the county assessor shall request approval of the {property tax increment collection} proposed boundary adjustment from the housing and transit reinvestment zone committee before approving the boundary adjustment.
(c) A parcel may only be triggered for property tax increment collection on the legal parcel boundary drawn at the time the parcel is triggered for property tax increment collection.
(c) A parcel may only be triggered for property tax increment collection on the legal parcel boundary {adjustment under this Subsection (1) shall occur before the newly incorporated land within } drawn at the time the {adjusted boundary } parcel is triggered for {the first year of } property tax increment collection.
(a) the Governor's Office of Economic Opportunity determines that including the parcel in the first home investment zone has a reasonable nexus to the purposes described in the relevant first home investment zone proposal;
- 52 - SB0221 compared with SB0221S02 (a) the Governor's Office of Economic Opportunity determines that including the parcel in the first home investment zone has a reasonable nexus to the purposes described in the relevant first home investment zone proposal;
- 52 - SB0221S01 compared with SB0221S02 (b) the total number of acres within the first home investment zone is equal to or less than the maximum number of acres allowed within a first home investment zone described in this part;
(b) the total number of acres within the first home investment zone is equal to or less than the maximum number of acres allowed within a first home investment zone described in this part;
(vi) for a convention center reinvestment zone, created under Title 63N, Chapter 23, Part 3, Convention Center Reinvestment Zone, as convention center reinvestment zone is defined in Section 63N-23-101;
(vi) for a convention center reinvestment zone, created under Title 63N, Chapter 23, Part 3, Convention Center Reinvestment Zone, as convention center reinvestment zone is defined in - 53 - SB0221 compared with SB0221S02 Section 63N-23-101;
(vii) for a convention center reinvestment zone in a capital city, created under Title 63N, Chapter 23, Part 4, Convention Center Reinvestment Zone in a Capital City, as convention - 53 - SB0221S01 compared with SB0221S02 center reinvestment zone in a capital city is defined in 63N-23-101;
(vii) for a convention center reinvestment zone in a capital city, created under Title 63N, Chapter 23, Part 4, Convention Center Reinvestment Zone in a Capital City, as convention center reinvestment zone in a capital city is defined in 63N-23-101;
"(4)(a) A convention center reinvestment zone in a capital city proposal may propose the capture of 100% of the property tax increment and 100% of the sales and use tax revenue described in Subsection 63N-23-101(40)(b)(ii) for a period of 30 years.
- 54 - SB0221 compared with SB0221S02 "(4)(a) A convention center reinvestment zone in a capital city proposal may propose the capture of 100% of the property tax increment and 100% of the sales and use tax revenue described in Subsection 63N-23-101(40)(b)(ii) for a period of 30 years.
- 54 - SB0221S01 compared with SB0221S02 (b) In addition to the proposed capture of property tax increment and sales and use tax revenue described in Subsection (4)(a), the convention center reinvestment zone in a capital city may propose the capture of 50% of the sales and use tax revenue described in Subsection 63N-23-101(40)(b)(i).".
(b) In addition to the proposed capture of property tax increment and sales and use tax revenue described in Subsection (4)(a), the convention center reinvestment zone in a capital city may propose the capture of 50% of the sales and use tax revenue described in Subsection 63N-23-101(40)(b)(i).".
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Action History

  1. Senate/ filed

  2. Senate/ received from House

  3. House/ to Senate

  4. House/ strike enacting clause

  5. House/ comm rpt/ sent to Rules [House Rules Committee]

  6. House Comm - Recommends Returned to Rules [House Government Operations Committee]

  7. House Comm - Held [House Government Operations Committee]

  8. House/ to standing committee [House Government Operations Committee]

  9. House/ 1st reading (Introduced)

  10. House/ received from Senate

  11. Senate/ to House

  12. Senate/ passed 3rd reading

  13. Senate/ uncircled

  14. LFA/ fiscal note publicly available for SB0221S02

  15. LFA/ fiscal note sent to sponsor for SB0221S02

  16. Senate/ circled

  17. Senate/ 3rd reading

  18. Senate/ passed 2nd reading

  19. Senate/ substituted

  20. Senate/ 2nd reading

  21. LFA/ bill sent to agencies for fiscal input for SB0221S02

  22. LFA/ bill assigned to staff for fiscal analysis for SB0221S02

  23. LFA/ fiscal note publicly available for SB0221S01

  24. LFA/ fiscal note sent to sponsor for SB0221S01

  25. Senate/ placed on 2nd Reading Calendar

  26. Senate/ comm rpt/ substituted [Senate Judiciary, Law Enforcement, and Criminal Justice Committee]

  27. Senate Comm - Favorable Recommendation [Senate Judiciary, Law Enforcement, and Criminal Justice Committee]

  28. Senate Comm - Substitute Recommendation [Senate Judiciary, Law Enforcement, and Criminal Justice Committee]

  29. LFA/ bill sent to agencies for fiscal input for SB0221S01

  30. LFA/ bill assigned to staff for fiscal analysis for SB0221S01

  31. Senate/ to standing committee [Senate Judiciary, Law Enforcement, and Criminal Justice Committee]

  32. Senate/ received fiscal note from Fiscal Analyst

  33. LFA/ fiscal note publicly available for SB0221

  34. LFA/ fiscal note sent to sponsor for SB0221

  35. Senate/ 1st reading (Introduced)

  36. Senate/ received bill from Legislative Research

  37. LFA/ bill sent to agencies for fiscal input for SB0221

  38. LFA/ bill assigned to staff for fiscal analysis for SB0221

  39. Numbered Bill Publicly Distributed

  40. Bill Numbered but not Distributed

Sponsors

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1 sponsors · 1 co-sponsors · 102 not signed on

Sponsors (1)

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Not signed on (102)

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Frequently asked questions

Who sponsors SB 221?
SB 221 is sponsored by James A. Dunnigan (Republican) and Wayne A. Harper (Republican).
What is the current status of SB 221?
This bill has been sent to the executive. Introduced January 29, 2026. It awaits signature.
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