State Homeless Campus Neighbor Tax Credit

5
59-7-628
59-10-1049
0
State Homeless Campus Neighbor Tax Credit
2026 GENERAL SESSION
STATE OF UTAH
Chief Sponsor: Luz Escamilla
House Sponsor: Sandra Hollins
LONG TITLE
General Description:
This bill enacts an income tax credit for owners of property adjacent to a homeless campus.
Highlighted Provisions:
This bill:
defines terms; and
enacts a nonrefundable tax credit for an owner of property adjacent to a homeless services
campus in an amount corresponding to 50% of the property's taxes.
Money Appropriated in this Bill:
None
Other Special Clauses:
This bill provides a special effective date.
Utah Code Sections Affected:
ENACTS:
59-7-628
, Utah Code Annotated 1953
59-10-1049
, Utah Code Annotated 1953
Be it enacted by the Legislature of the state of Utah:
Section 1. Section
59-7-628
is enacted to read:
59-7-628
. Nonrefundable tax credit for property adjacent to a homeless campus.
(1)
As used in this section:
(a)
(i)
"Homeless services campus" means a state homeless services campus facility
where individuals who are experiencing homelessness have access to emergency
shelter, behavioral and mental health treatment, and support services at one
location.
(ii)
"Homeless services campus" does not mean:
(A)
a behavioral health transition facility as that term is defined in Section
64-13-1
;
(B)
a community correctional center as that term is defined in Section
64-13-1
;
(C)
a correctional facility as that term is defined in Section
77-16b-102
;
(D)
a medical, nursing, or psychiatric facility;
(E)
a microshelter community; or
(F)
a noncongregate or overflow shelter.
(b)
"Qualifying property" means real property that is wholly or partially located within a
one-mile radius of a homeless campus.
(c)
"Qualifying taxpayer" means a taxpayer that:
(i)
owns a qualifying property; and
(ii)
receives a tax notice for the qualifying property.
(d)
"Tax notice" means the notice provided to a taxpayer under Section
59-2-1317
.
(2)
A qualifying taxpayer may claim, in the taxable year in which the qualifying taxpayer
receives a tax notice, a nonrefundable tax credit equal to 50% of the amount of taxes
stated on the tax notice.
(3)
A qualifying taxpayer may carry forward, to the next three taxable years, the amount of
any tax credit that exceeds the qualifying
taxpayer's tax
liability for the taxable year.
Section 2. Section
59-10-1049
is enacted to read:
59-10-1049
. Nonrefundable tax credit for property adjacent to a homeless
campus.
(1)
As used in this section:
(a)
(i)
"Homeless services campus" means a state homeless services campus facility
where individuals who are experiencing homelessness have access to emergency
shelter, behavioral and mental health treatment, and support services at one
location.
(ii)
"Homeless services campus" does not mean:
(A)
a behavioral health transition facility as that term is defined in Section
64-13-1
;
(B)
a community correctional center as that term is defined in Section
64-13-1
;
(C)
a correctional facility as that term is defined in Section
77-16b-102
;
(D)
a medical, nursing, or psychiatric facility;
(E)
a microshelter community; or
(F)
a noncongregate or overflow shelter.
(b)
"Qualifying claimant" means a claimant, estate, or trust who:
(i)
owns a qualifying property; and
(ii)
receives a tax notice for the qualifying property.
(c)
"Qualifying property" means real property that is wholly or partially located within a
one-mile radius of a homeless campus.
(d)
"Tax notice" means the notice provided to a taxpayer under Section
59-2-1317
.
(2)
A qualifying claimant may claim, in the taxable year in which the qualifying claimant
receives a tax notice, a nonrefundable tax credit equal to 50% of the amount of taxes
stated on the tax notice.
(3)
A qualifying claimant may carry forward, to the next three taxable years, the amount of
any tax credit that exceeds the qualifying claimant's tax liability for the taxable year.
Section 3.
Effective Date.
This bill takes effect for a future taxable year beginning on or after
January 1, 2027
.
2-9-26 12:49 PM