59-2-913. Definitions -- Statement of amount and purpose of levy -- Contents ofstatement -- Filing with county auditor -- Transmittal to commission -- Calculations forestablishing tax levies -- Format of statement. (1) As used in this section, "budgeted property tax revenues" does not include propertytax revenue received by a taxing entity from personal property that is:
(a) assessed by a county assessor in accordance with Part 3, County Assessment; and
(b) semiconductor manufacturing equipment.
(2) (a) The legislative body of each taxing entity shall file a statement as provided in thissection with the county auditor of the county in which the taxing entity is located.
(b) The auditor shall annually transmit the statement to the commission:
(i) before June 22; or
(ii) with the approval of the commission, on a subsequent date prior to the dateestablished under Section
59-2-1317 for mailing tax notices.
(c) The statement shall contain the amount and purpose of each levy fixed by thelegislative body of the taxing entity.
(3) For purposes of establishing the levy set for each of a taxing entity's applicable funds,the legislative body of the taxing entity shall calculate an amount determined by dividing thebudgeted property tax revenues, specified in a budget which has been adopted and approved priorto setting the levy, by the amount calculated under Subsections
59-2-924(3)(c)(ii)(A) through(C).
(4) The format of the statement under this section shall:
(a) be determined by the commission; and
(b) cite any applicable statutory provisions that:
(i) require a specific levy; or
(ii) limit the property tax levy for any taxing entity.
(5) The commission may require certification that the information submitted on astatement under this section is true and correct.
Amended by Chapter 61, 2008 General Session
Amended by Chapter 231, 2008 General Session
Amended by Chapter 236, 2008 General Session