Laws & Taxes

Laws & Taxes

Hatch, Lee Push to Restore Funding for PILT Program

Utah’s U.S. Senators Orrin Hatch and Mike Lee are supporting an amendment to the Omnibus government funding bill introduced by Sen. John Barrasso (R-Wyo.) that would fully fund the Payment in Lieu of Taxes (PILT) program. The amendment, which is paid for by reducing US spending on overseas programs, would provide $421 million for PILT in Fiscal Year 2014. Local governments receive federal payments under the PILT program to help compensate for the loss of property tax revenue due to non-taxable federal lands within their boundaries

UTAH HOUSING CORPORATION AWARDS $59 MILLION FOR AFFORDABLE MULTIFAMILY RENTAL HOUSING

Utah Housing Corporation recently announced awards of its 2013 round of competition for federal Low Income Housing Tax Credits (LIHTC). As the administrator of the LIHTC program for the State of Utah, Utah Housing received applications for 24 proposed projects, requesting a total of $11,624,000 in annual housing credits

Pamela Atkinson Homeless Trust Fund Launches “Text TO Donate” Campaign

SALT LAKE CITY, UT - March 17, 2011 - (RealEstateRama) -- For more than 20 years, the Pamela Atkinson Homeless Trust Fund tax...

Indictment Unsealed Charging Midvale Man with Mortgage Fraud Scheme

SALT LAKE CITY, UT - September 2, 2010 - (RealEstateRama) -- A 10-count federal indictment unsealed Thursday charges Christopher D. Hales, age 29, of Midvale, with mail, wire, and bank fraud and with money laundering in connection with an alleged mortgage fraud scheme.

Consumer Alert: Don’t Let Foreclosure Rescue Schemes Sink You

Salt Lake City, UT - November 4, 2009 - (RealEstateRama) -- In tough financial times it seems plenty of companies are claiming they can save Utah homeowners from foreclosure.

Midvale Mortgage Owners Charged with Fraud

Salt Lake City, UT - March 27, 2009 - (RealEstateRama) — The Utah Attorney General's Office today charged the CEO of Utah Financial Inc., Midvale, Utah, and his wife with 18 second-degree felony counts for allegedly running a lucrative mortgage fraud scheme.

Governor Launches “Hope for the Homeless” Tax Campaign

Salt Lake City, UT - January 27, 2009 - (RealEstateRama) – Governor Jon Huntsman will speak Friday, January 30 at the annual launch of the Pamela Atkinson Homeless Trust Fund tax campaign.

Study Gives Shurtleff an “A” for Fighting Mortgage Fraud

A group that is fighting the country's foreclosure crisis is giving Utah Attorney General Mark Shurtleff an "A" for his efforts to help homeowners....

Utah Property Tax Questions

What is The Utah Farmland Assessment Act How is productive value determined? How is land classified? What does it take to qualify? What are the production requirements? What are...

$1 Property Tax On Million Dollar Land? It’s Legal

It sounds like a great combination: extremely valuable land, with rock-bottom property taxes. It’s real, legal and happening in one of the wealthiest corners...

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Reps. Stewart & Frankel Call for Oversight of Unregulated Sober Homes

Rep. Chris Stewart (R-Utah) and Rep. Lois Frankel (D-FL) have sent a bipartisan letter to the U.S. Government Accountability Office (GAO), Congress’ investigative arm, requesting a review of federal and state oversight of sober homes

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Utah-Based Lenders Agree to Pay Nearly $10 Million to Resolve Alleged...

Primary Residential Mortgage Inc. (PRMI) and SecurityNational Mortgage Company (SecurityNational) have agreed to pay the United States $5 million and $4.25 million, respectively, to resolve separate allegations that they violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) that did not meet applicable requirements, the Justice Department announced today.  Both lenders are headquartered in Salt Lake City, Utah