Utah Code Ann. § 17C-1-404 – Tax increment under a post-June 30, 1993 project area plan.

(1) This section applies to tax increment under a post-June 30, 1993 project area plan adopted before May 1, 2006, only.
(2) An agency board may provide in the project area budget for the agency to be paid:
1. (a) if 20% of the project area budget is allocated for housing under Section 17C-2-203:
  1. (i) 100% of annual tax increment for 15 years;
  2. (ii) 75% of annual tax increment for 24 years; or
  3. (iii) if approved by the taxing entity committee, any percentage of tax increment up to 100%, or any specified dollar amount, for any period of time; or
2. (b) if 20% of the project area budget is not allocated for housing under Section 17C-2-203:
  1. (i) 100% of annual tax increment for 12 years;
  2. (ii) 75% of annual tax increment for 20 years; or
  3. (iii) if approved by the taxing entity committee, any percentage of tax increment up to 100%, or any specified dollar amount, for any period of time.