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House approves limited tax-increment tool for major sporting venues; local governments keep control
Summary
The Utah House passed a bill allowing local governments to create limited tax-increment financing zones to fund infrastructure around eligible major sporting event venues, while excluding state sales tax and preserving local approval authority. The measure passed 45-27 and will be returned to the Senate.
The Utah House on March 5 approved a bill that allows counties and municipalities to establish limited tax-increment financing zones to fund transportation and other public improvements near qualifying major sporting event venues. The bill passed the House 45-27 and will be sent back to the Senate for further consideration.
Representative Hawkins, the floor sponsor, said the measure is limited in scope and emphasizes local control. “Cities and counties are in complete control of whether these zones are created,” Hawkins said. He described the program as an optional, temporary funding tool to help pay for…
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