§ 63H-1-703. Authority report.

(1)

(a) On or before November 1 of each year, the authority shall prepare and file a report with the county auditor, the State Tax Commission, the State Board of Education, and each taxing entity that levies a tax on property from which the authority collects tax increment.

(b) The requirement of Subsection (1)(a) to file a copy of the report with the state as a taxing entity is met if the authority files a copy with the State Tax Commission and the state auditor.

(2) Each report under Subsection (1) shall contain:

(a) an estimate of the tax increment to be paid to the authority for the calendar year ending December 31; and

(b) an estimate of the tax increment to be paid to the authority for the calendar year beginning the next January 1.

Enacted by Chapter 23, 2007 General Session