This bill modifies provisions relating to tax.
This bill:
- creates the Statewide Tax Administration and Technology Solutions program, which includes the following services:
maintenance and enhancement of the statewide property tax system, including statewide web portals;provision of property valuation services;valuation of personal property of telecommunications service providers;participation in a study on the rate of a recovery fee for rentals of heavy equipment; andcollation of information from county auditors on project areas and from entities that seek to receive and receive tax increment financing;
- establishes the program manager;
- transfers responsibilities from the Multicounty Appraisal Trust (MCAT) to the program manager;
- transfers existing MCAT personal property and unexpended revenue to the program manager;
- imposes accounting and reporting obligations on the program manager;
- grants rulemaking authority to the State Tax Commission to establish the requirements for the statewide property tax system and for a county to comply with a factoring order;
- provides the conditions for a county to opt out of use of the statewide property tax system;
- beginning July 1, 2026, requires an entity intending to use tax increment to first:conduct a public meeting; andsubmit information to the program manager and notice to the taxing entities providing tax increment and the entities distributing tax increment;
- requires most types of entities that receive more revenue from tax increment than anticipated to use the revenue to pay off debt;
- requires an entity that receives tax increment to report annually to the program manager;
- excludes certain property valuation increases from the calculation of locally assessed new growth;
- excludes increases to the value of tangible personal property from the calculation of project area new growth;
- modifies definitions relating to public service districts to reflect the transition of land within the public service districts from unincorporated county to incorporated cities or towns since the public service districts formed; and
- makes technical and conforming changes.Statutes affected:
Introduced: 10-21-101, 17-80-101, 59-2-306.5, 59-2-307, 59-2-308, 59-2-704, 59-2-919.1, 59-2-924.2, 59-2-1601, 59-2-1602, 59-2-1605, 59-2-1606, 59-2-2001, 59-2-2002, 63I-1-259, 63N-3-602, 63N-3-1601, 63N-3-1701
Substitute #1: 10-21-101, 17-80-101, 59-2-306.5, 59-2-307, 59-2-308, 59-2-704, 59-2-919.1, 59-2-924.2, 59-2-1601, 59-2-1602, 59-2-1605, 59-2-1606, 59-2-2001, 59-2-2002, 63I-1-259, 63N-3-602, 63N-3-1601, 63N-3-1701
Substitute #2: 10-21-101, 10-21-504, 11-58-803, 11-59-208, 11-70-401, 17-80-101, 17-80-504, 17C-1-603, 17C-1-606, 17D-4-205, 59-2-306.5, 59-2-307, 59-2-308, 59-2-704, 59-2-919.1, 59-2-924.2, 59-2-1601, 59-2-1602, 59-2-1605, 59-2-1606, 59-2-2001, 59-2-2002, 63H-1-501, 63I-1-259, 63N-3-602, 63N-3-603.1, 63N-3-607, 63N-3-609, 63N-3-1601, 63N-3-1606, 63N-3-1608, 63N-3-1701, 63N-3-1708
Amended 3/3/2026 10:03:297: 10-21-101, 10-21-504, 11-58-803, 11-59-208, 11-70-401, 17-80-101, 17-80-504, 17C-1-603, 17C-1-606, 17D-4-205, 59-2-306.5, 59-2-307, 59-2-308, 59-2-704, 59-2-919.1, 59-2-924.2, 59-2-1601, 59-2-1602, 59-2-1605, 59-2-1606, 59-2-2001, 59-2-2002, 63H-1-501, 63I-1-259, 63N-3-602, 63N-3-603.1, 63N-3-607, 63N-3-609, 63N-3-1601, 63N-3-1606, 63N-3-1608, 63N-3-1701, 63N-3-1708
Substitute #3: 10-21-101, 10-21-504, 11-58-803, 11-59-208, 11-70-401, 17-80-101, 17-80-504, 17C-1-603, 17C-1-606, 17D-4-205, 59-2-306.5, 59-2-307, 59-2-308, 59-2-704, 59-2-919.1, 59-2-924.2, 59-2-1601, 59-2-1602, 59-2-1605, 59-2-1606, 59-2-2001, 59-2-2002, 63H-1-501, 63I-1-259, 63N-3-602, 63N-3-603.1, 63N-3-607, 63N-3-609, 63N-3-1601, 63N-3-1606, 63N-3-1608, 63N-3-1701, 63N-3-1708
Enrolled: 10-21-101, 10-21-504, 11-58-803, 11-59-208, 11-70-401, 17-80-101, 17-80-504, 17C-1-603, 17C-1-606, 17D-4-205, 59-2-306.5, 59-2-307, 59-2-308, 59-2-704, 59-2-919.1, 59-2-924, 59-2-924.2, 59-2-1601, 59-2-1602, 59-2-1605, 59-2-1606, 59-2-2001, 59-2-2002, 63H-1-501, 63I-1-259, 63N-3-602, 63N-3-603.1, 63N-3-607, 63N-3-609, 63N-3-1601, 63N-3-1606, 63N-3-1608, 63N-3-1701, 63N-3-1708
Substitute #4: 10-21-101, 10-21-504, 11-58-803, 11-59-208, 11-70-401, 17-80-101, 17-80-504, 17C-1-603, 17C-1-606, 17D-4-205, 59-2-306.5, 59-2-307, 59-2-308, 59-2-704, 59-2-919.1, 59-2-924, 59-2-924.2, 59-2-1601, 59-2-1602, 59-2-1605, 59-2-1606, 59-2-2001, 59-2-2002, 63H-1-501, 63I-1-259, 63N-3-602, 63N-3-603.1, 63N-3-607, 63N-3-609, 63N-3-1601, 63N-3-1606, 63N-3-1608, 63N-3-1701, 63N-3-1708