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House approves bill limiting public incentives for retail projects, with narrow exceptions
Summary
The Utah House on Feb. 18 passed HB151 to restrict most public funds from being used to support retail development, while carving out exceptions for public infrastructure, historic preservation, housing-linked incentives and other limited cases; the bill now moves to the Senate.
The Utah House passed House Bill 151 on Feb. 18, a measure that curtails the use of public funds for retail facility development while listing several narrowly drawn exceptions.
Representative Schultz, who moved to uncircle the first substitute of HB151, told colleagues the bill "is that public entities, that's state, local, RDA authorities, cannot provide public funds, sale[s] which is sales tax or property tax revenue for the development, construction, renovation, or operation of a retail facility." He said the provision would not apply where the retail component is ancillary to other…
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