17E-4 - Counties and the State Tax Commission and Division of Finance

Title 17E > 17E-4

Sections (3)

General Provisions

17E-4-101 - Definitions.

17E-4-101(1) “Commission” means the State Tax Commission. 17E-4-101(2) “Contributing business” means a person who is centrally assessed and owns a qualifying transmission line. 17E-4-101(3) “Division” means the Division of Finance created in Section 63A-3-101. 17E-4-101(4) “Qualifying transmission line” means an electrical transmission line that first transmits electrical current within the state on or after January 1, 2026, and operates at a nominal voltage of at least 340,000 volts, including structures, equipment, plant, or fixtures associated with the electrical transmission line.

Species Protection Funding Act

17E-4-201 - Payments due — Calculation of payment amount.

17E-4-201(1) On or before March 1 of each year, and included with the statement of taxpayer required under Section 59-2-202, the owner of a contributing business shall electronically file with the commission a statement containing the following information, in a manner prescribed by the commission:the name, description, location, and number of miles of qualifying transmission line located within each county, by tax area, in which a qualifying transmission line is located as of January 1 of the year of the statement; andany other reasonable and necessary information required by the commission.The owner of the contributing business or the owner’s designee shall sign and swear to the statement described in Subsection (1)(a). 17E-4-201(2) On or before November 30 of each year, the commission shall notify each county that contains a portion of the qualifying transmission line owned by a contributing business of the amount calculated in Subsection (2)(b).The commission shall calculate an amount for each county by multiplying $6,400 by the number of miles of qualifying transmission line owned by a contributing business that is located within the county. 17E-4-201(3) On or before December 31 of each year, the county treasurer of a county notified under Subsection (2)(a) shall remit the amount calculated under Subsection (2)(b) to the division from the revenue derived from the current year’s property taxes.

17E-4-202 - Deposit into Species Protection Account.

17E-4-201 into the Species Protection Account created in Section 23A-3-214 .