Section 301.5 - Agency property exempt from taxation -- Exception.

UT Code § 17C-1-301.5 (2019) (N/A)
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(1) Agency property acquired or held for purposes of this title is public property used for essential public and governmental purposes and, subject to Subsection (2), is exempt from taxation by a taxing entity.

(2) The exemption in Subsection (1) does not apply to property that the agency leases to a lessee unless the lessee is entitled to a tax exemption with respect to the property.