2025 bills / S.B. 26
S.B. 26 Housing and Transit Reinvestment Zone Amendments (2025)
- Introduced
- Senate committee
- Senate vote
- House committee
- House vote
- Signed into law
What this bill does
This bill changes Utah's housing and transit reinvestment zone rules, including the income level used for affordable units, limits on how many times tax increment collection can be triggered per project, and the bedroom mix required for transit zones. It also creates a process for a convention center reinvestment zone in a first-class county that lets local sales and property tax increases be captured to help pay for revitalization bonds.
Plain-English summary written by AI from the official description. Check the official text below.
Official description
- defines terms
- amends provisions relating to the Housing and Transit Reinvestment Zone Act
- amends provisions related to the Hotel Impact Mitigation Fund and distribution of funds
- amends the allowable use of a certain sales and use taxes to be used for convention center revitalization
- allows certain sales and use tax revenue distributed to a county to be used for convention center revitalization
- creates a process to propose a convention center reinvestment zone to facilitate revitalization of a convention center and surrounding areas within a county of the first class to:
- allow capture of sales and use tax increment related to state and certain local sales and use taxes
- allow capture of property tax increment
- provide for distribution of funds to enable bonding
- amends provisions to exclude remote sales tax revenue for the capture of sales and use tax increment
- amends the median gross income for a certain percentage of proposed dwelling units within the housing and transit reinvestment zone to the county median gross income for households of the same size
- clarifies that the collection of a tax increment for a housing and transit reinvestment zone project may be triggered no more than three times per project
- modifies provisions related to housing and transit reinvestment zones within certain transit stations or hubs
- amends provisions related to mixed-used development
- modifies the requirement that a proposal for a transit reinvestment zone includes a mix of dwelling units with at least 25% of the dwelling units having more than one bedroom
- amends the date by which a tax increment collection notice is sent to certain entities to no later than December 31 of the year before the year tax increment is to take place
- requires certain limitations on use of funds in certain convention center reinvestment zones
- requires the base year to be updated in certain circumstances regarding existing community reinvestment projects
- makes technical and conforming changes
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Every vote
- 22 yes, 3 no, 4 absentFinal Senate vote · 1/21/2025 3:42 PMWho voted how
- 7 yes, 0 no, 3 absentHouse Political Subdivisions Committee: vote to change the bill · 2/25/2025 9:15 AMWho voted how
- 2 yes, 6 no, 2 absentHouse Political Subdivisions Committee: House vote, which failed · 2/25/2025 9:18 AMWho voted how
- 8 yes, 0 no, 2 absentHouse Political Subdivisions Committee: vote, which it did not pass · 2/25/2025 9:19 AMWho voted how
- 8 yes, 0 no, 2 absentHouse Political Subdivisions Committee: vote to change the bill · 2/26/2025 4:38 PMWho voted how
- 8 yes, 0 no, 2 absentHouse Political Subdivisions Committee: vote to approve it · 2/26/2025 4:39 PMWho voted how
- 64 yes, 5 no, 6 absentFinal House vote · 3/7/2025 10:11 AMWho voted how
- 21 yes, 5 no, 3 absentSenate vote to accept the other chamber's changes · 3/7/2025 11:54 AM