1. (1)

   1. (a) Except as provided in Subsection (1)(b), a county or municipality may not offer an incentive for a large load data center that is not located within a zone.

   2. (b) Subsection (1)(a) does not apply to:

      1. (i) a project area established before May 6, 2027; or
      2. (ii) an agreement between a county or municipality and a private entity that was executed before May 6, 2027.

2. (2) In addition to the requirements described in Part 2, Creation of Regionally Significant Development Zones, a creating entity that proposes a zone shall include in the proposal:

   1. (a) a description of the proposed boundaries of the zone;
   2. (b) an assessment of existing electrical energy infrastructure within and proximate to the proposed zone;

   3. (c) a development plan that includes:

      1. (i) anticipated infrastructure improvements;
      2. (ii) projected economic benefits to the county or municipality; and
      3. (iii) evidence of local support, as applicable; and
   4. (d) any other information required by the committee.

3. (3) A proposal for a zone described in this part:

   1. (a) shall include the diversion of all personal property tax revenue generated within the zone, as described in Subsection 63N-3a-203(4)(c)(ii); and

   2. (b) may include a request to:

      1. (i) capture up to 60% of the property tax increment generated within the zone; and
      2. (ii) divert up to 100% of personal property tax revenue generated within the zone.

4. (4) A proposed zone may not overlap with:

   1. (a) a project area designated by a community reinvestment agency; or
   2. (b) a project area created by the Utah Inland Port Authority or the Military Installation Development Authority.

Enacted by Chapter 373, 2026 General Session