59-2-1204 - Renter's and homeowner's credits authorized -- No interest allowed. - Utah Statutes

59-2-1204. Renter's and homeowner's credits authorized -- No interest allowed.
(1) If a claimant who owns a residence files an application for a homeowner's creditunder Section 59-2-1206 and meets the requirements of this part, the claimant's property taxliability for the calendar year is equal to property taxes accrued.
(2) (a) A claimant meeting the requirements of this part may claim in any year either arenter's credit under Section 59-2-1209, a homeowner's credit as provided under Section59-2-1208, or both.
(b) If a claimant who owns a residence claims a credit under Subsection (2)(a), the creditshall be applied against the claimant's property taxes accrued.
(3) Interest is not allowed on any payment made to a renter's or homeowner's creditclaimant under this part.

Amended by Chapter 309, 1998 General Session