42-6201. Definitions In this article, unless the context otherwise requires: 1. " Government lessor" means a city, town, county or county stadium district. 2. " Government property improvement" means a building for which a certificate of occupancy has been issued, for which the title of record is held by a government lessor, that is situated […]
42-6202. Commercial government property lease excise tax; database A. A government lessor shall levy and the county treasurer shall collect an annual excise tax on each prime lessee for the use or occupancy of each government lessor’s government property improvement. B. A government lessor may not own or operate a government property improvement unless one […]
42-6203. Rates of tax A. Except as otherwise provided in this section, if a lease of a government property improvement was entered into before June 1, 2010, or if a development agreement, ordinance or resolution was approved by the governing body of the government lessor before June 1, 2010 that authorized a lease on the […]
42-6204. Payment; return; interest; penalty; annual reports A. The taxes that are levied pursuant to this article are: 1. Due and payable to the county treasurer annually on or before December 1. 2. Delinquent if not paid on or before that date. B. The government lessor shall calculate the excise tax for each prime lessee, […]
42-6205. Disposition of revenue A. The county treasurer shall separately account for payments received under this article with respect to each government property improvement. B. Within thirty days after receiving tax revenues under this article, the county treasurer shall pay to the following taxing jurisdictions in which the government property improvement is located the monies […]
42-6206. Leases and development agreements; notice of tax liability; approval requirements; default A. Each lease or development agreement between a prime lessee and a government lessor entered into after June 30, 1996 shall include: 1. A notice of the tax liability under this article. 2. A provision that failure by the prime lessee to pay […]
42-6207. Enforcement Unless the context otherwise requires, the enforcement of the tax imposed under this article shall be governed by sections 545 through 590 of the model city tax code, as adopted by the city or town in which the government property improvement is located or, if the government property improvement is not located in […]
42-6208. Exempt government property improvements The tax under this article, section 42-6206, subsection B and section 42-6209, subsection C do not apply with respect to: 1. Property that is used for a governmental activity. 2. Property that is used for public housing. 3. Easements and rights-of-way of railroads and gas, electric, water, pipeline and telephone […]
42-6209. Abatement of tax for government property improvements in single central business district; definition A. A city or town may abate the tax provided for under this article for a limited period beginning when the certificate of occupancy is issued and ending eight years after the certificate of occupancy is issued on a government property […]
42-6210. Park property lease excise tax A. A county shall levy and collect an annual excise tax on each prime lessee of a lease with the national park service of the United States department of the interior of a property improvement located in the county. B. The tax prescribed by this section shall be assessed, […]
