Utah Administrative Code
Topic - Tax Commission
Title R884 - Property Tax
Rule R884-24P - Property Tax
Section R884-24P-58 - One-Time Decrease in Certified Rate Based on Estimated County Option Sales Tax Pursuant to Utah Code Ann. Section 59-2-924
Universal Citation: UT Admin Code R 884-24P-58
Current through Bulletin 2024-18, September 15, 2024
A. The estimated sales tax revenue to be distributed to a county under Section 59-12-1102 shall be determined based on the following formula:
1. sharedown of the commission's sales tax
econometric model based on historic patterns, weighted 40 percent;
2. time series models, weighted 40 percent;
and
3. growth rate of actual
taxable sales occurring from January 1 through March 31 of the year a tax is
initially imposed under Title 59, Chapter 12, Part 11, County Option Sales and
Use Tax, weighted 20 percent.
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