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Senate advances changes to community development law, restores 20% tax-increment threshold
Summary
Senate Bill 205, updated to clarify redevelopment authority rules and tax-increment accounting, was amended on the floor to reinstate a 20% tax-increment threshold and to permit counties to form RDAs under certain conditions; sponsors agreed to interim study on housing set-aside issues.
Senate Bill 205, concerning community development and renewal agencies, was amended and advanced by the Utah Senate on March 3.
Senator Bramble, the sponsor, explained the bill clarifies statutory definitions for abandoned industrial or airport sites, allows counties to form redevelopment agencies (RDAs) if a city chooses not to pursue an RDA, and makes…
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