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House narrows redevelopment agency uses, shortens tax-increment periods in compromise bill

Utah House of Representatives · March 1, 2004
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The House passed first substitute House Bill 311 revising redevelopment agency (RDA) tax-increment sharing, shortening typical RDA timelines and requiring early returns to schools and housing; Representative Clark’s amendment narrowed allowable infrastructure uses and added housing safeguards. The bill passed 46–26.

The Utah House on March 1 advanced major changes to redevelopment agency law, adopting a compromise version of first substitute House Bill 311 and approving a floor amendment that narrows allowed uses of RDA proceeds.

Representative Adams described the substitute as a negotiated compromise that shortens RDA timeframes and changes how property-tax increment is split: for example, initial years (0–6) remain an 80/20 split favoring the RDA, but subsequent periods gradually return a larger share to schools and housing…

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