Utah Governor Signs Property Tax Law Amending Provisions Related to Rollback Tax

The Utah Governor March 14 signed a law amending provisions related to rollback tax for property tax purposes. The law includes measures: 1) excluding the land acquired by certain governmental entities from the rollback tax; 2) requiring governmental entities exempted from the rollback tax to make a one-time in-lieu fee payment within a certain time period before selling the land; 3) providing that the rollback tax is due and payable within 60 days after the day on which the county assessor mails a notice to the taxpayer; and 4) requiring the State Tax Commission to make rules allowing for an ...