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Inland Port official briefs council on Historic Capital project-area tax capture and local sales-tax resolution
Summary
A Utah Inland Port Authority representative updated the council on the Historic Capital project area created in 2024 and said tax increments can be used for local benefits; she said the proposed resolution would let the city capture 100% of sales-tax revenues for local use instead of those revenues being used by the Inland Port Authority.
Jenna Draper of the Utah Inland Port Authority described recent activity in the Historic Capital project area that includes Fillmore.
Draper said the project area was created in 2024 and that the authority "can capture 75% of the tax increments for the next 25 years" to fund projects that benefit the area. She explained that the resolution before the council would "allow that the city would capture 100% of the sales tax revenues for their use, and that they will not be used by the Inland Port Authority." Draper said while 2025 had been slow across the state, movement has increased in recent months and the authority had nearly secured a development that visited the site.
Why it matters: tax-increment capture can finance local infrastructure and services tied to development; the proposed resolution would permit Fillmore to retain sales-tax receipts for local projects. The council indicated support but next steps include ordinance consideration by planning and a public hearing.
