Utah Code — Title 59 (Revenue and Taxation)
Utah Code § 59-3-102
Definitions
Official textle.utah.gov
As used in this chapter:
# (1)
"Tax equivalent payment" means a payment required or authorized by statute to be made in lieu of ad valorem taxes on tax exempt property pursuant to a contract entered into under statutory authority and filed with the county assessor of the county in which the property is located.
# (2)
"Tax equivalent property" means property on which any tax equivalent payment is made.
Source: view the official text
In this chapter (3 sections)
- 59-3-102 · Definitions
- 59-3-103 · Value of tax equivalent property included as part of value…
- 59-3-104 · Tax equivalent property list -- Assessment of tax equivalent…