On Mar. 25, 2025, UTA LEG reported bill approval by governor, effective May 7, 2025.
On Feb. 18, UTA LEG passed bill on rules for property tax exemptions.
UTA LEG passed HB 62 to establish an application deadline for property tax exemption.
Also clarified circumstances under which land that is less than five acres in area may qualify for agricultural property tax assessment, and tax deferral, abatement process.
Updated subsections re qualification for residential exemption, application deadlines.
County board of equalization may not accept application after Sep. 15 of the calendar year seeking the exemption, or last day of a 45-day period after auditor notice given.
Commission may make rules providing for circumstances under which county board of equalization must accept the property owner's application for residential exemption.
Amended contents of the residential property declaration, clarifies the circumstances under which land that is under five acres may qualify for agricultural use assessment.
Removed definition for qualifying exempt revenue, clarifies taxpayer's ability to appeal decisions related to tax deferral and tax abatement to the State Tax Commission.
Legislative History
On Jan. 21, 2025, bill introduced in House; on Jan. 29, 2025, bill passed in House.
On Jan. 30, 2025, bill introduced in Senate; on Feb. 14, 2025, bill passed in Senate.
On Feb. 18, 2025, bill ordered enrolled, pending delivery to governor for action.
Effectiveness
If enacted, takes effect on May 7, 2025, and has retroactive operation to Jan. 1, 2025.
Mar. 2025 UTA LEG Bill Approval
On Mar. 25, 2025, UTA LEG reported bill approval by governor, effective May 7, 2025.
