Utah Enacts Law Creating Property Tax Increment First Home Investment Zones

April 4, 2024, 3:57 PM UTC

The Utah Governor signed a law creating first home investment zones, which can capture property tax increment. The law includes encouraging efficient development and opportunities for home ownership by providing a variety of housing options, including affordable housing. The law takes effect on May 1. [S.B. 268, enacted 03/21/24]

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