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Senate adds acreage to Inland Port Authority, reduces tax-increment share
Utah Senate · March 5, 2018
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Summary
The Senate approved a second substitute to expand the Utah Inland Port Authority boundary by roughly 500 acres and reduce the authority’s tax‑increment capture from 5% to 2%; sponsors described economic development potential and a one‑time $400,000 setup cost.
Senators on the floor approved a second substitute to SB 234 that expands the Utah Inland Port Authority’s boundary by about 500 acres (an addition to the northwest quadrant area) and reduces the tax‑increment capture the authority may claim from 5…
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