Utah SB0279 proposes a nonrefundable tax credit for property owners near homeless services campuses.

Utah SB0279 defines a "homeless services campus" as a facility providing emergency shelter, behavioral and mental health treatment, and support services. It enacts a nonrefundable tax credit for owners of qualifying property, which is real property within a one-mile radius of such a campus. The credit equals 50% of the amount of taxes stated on the tax notice. The credit can be carried forward to the next three taxable years if it exceeds the taxpayer's liability. The bill takes effect for taxable years beginning on or after January 1, 2027.

Utah SB0279 proposes a nonrefundable tax credit for property owners near homeless services campuses.

Utah SB0279 defines a "homeless services campus" as a facility providing emergency shelter, behavioral and mental health treatment, and support services. It enacts a nonrefundable tax credit for owners of qualifying property, which is real property within a one-mile radius of such a campus. The credit equals 50% of the amount of taxes stated on the tax notice. The credit can be carried forward to the next three taxable years if it exceeds the taxpayer's liability. The bill takes effect for taxable years beginning on or after January 1, 2027.