Chapter 44 - Fee In Lieu Of Tax Simplification Act

Chapter 44 - Fee In Lieu Of Tax Simplification Act

Section 12-44-10. Short title.
Section 12-44-20. Legislative findings.
Section 12-44-30. Definitions.
Section 12-44-40. Fee agreement; economic development property to be exempt from ad valorem taxation; exemption period; inducement resolution; location of exempt property; criteria to qualify as economic development property.
Section 12-44-50. Contents of fee agreement; disposal of economic development property; reduction of fee.
Section 12-44-55. Agreements; content requirements.
Section 12-44-60. Replacement property; qualifications and conditions.
Section 12-44-70. Use of revenues.
Section 12-44-80. Distribution of fee payments.
Section 12-44-90. Filing of returns, contracts, and other information; due date of payments and returns.
Section 12-44-100. Sponsor committed to enhanced investment to continue to benefit from this chapter despite failure to make required investment where minimum investment met; assessment ratio.
Section 12-44-110. Property previously subject to state property taxes not qualified to be economic development property; exceptions.
Section 12-44-120. Transfers of interest in fee agreement and economic development property; sale-leaseback arrangement; requirements.
Section 12-44-130. Minimum investment to qualify for fee; notice to department of all sponsors or sponsor affiliates with investments subject to fee.
Section 12-44-140. Termination of fee agreement; automatic termination; minimum level of investment required to remain qualified for fee.
Section 12-44-150. Projects to be taxable property at level of negotiated payments for purposes of bonded indebtedness and for computing index of taxpaying ability.
Section 12-44-160. Transfer of title; qualification for a fee in lieu of taxes.
Section 12-44-170. Economic development property; transfer of property to fee arrangement provided for by this chapter.

We have updated our Terms of Service, Privacy Policy, and Disclosures. By continuing to browse this site, you agree to our Terms of Service, Privacy Policy, and Disclosures.

Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.

LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.

The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.

You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.

The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.

Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.

Bookish