 | Fiscal NoteH.B. 378 2025 General Session Department of Natural Resources Funding Amendments by Snider, Casey |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $(206,200) | $89,700 | $(116,500) |
| Revenues | FY2025 | FY2026 | FY2027 |
| Sovereign Lands Mgt (GFR) | $0 | $848,100 | $848,100 |
| Sovereign Lands Mgt (GFR), One-time | $0 | $(434,900) | $0 |
| Species Protection (GFR) | $0 | $10,881,600 | $10,881,600 |
| Species Protection (GFR), One-time | $0 | $(11,240,800) | $0 |
| Total Revenues | $0 | $54,000 | $11,729,700 |
Enactment of this Legislation could increase revenues to the Sovereign Lands Management Account by $413,200 one-time in FY 2026 and by $848,100 ongoing beginning in FY 2027 from changing where the tax on harvesting brine shrimp eggs is deposited and increasing per pound tax rate. This Legislation could also decrease revenues to the Species Protection account by $359,200 one-time in FY 2026 and increase revenues by $10,881,600 ongoing beginning in FY 2027 from removing the deposit of tax on harvesting brine shrimp eggs, and implementing new taxes on solar and wind generation facilities and on direct current transmission lines.
| Expenditures | FY2025 | FY2026 | FY2027 |
| General Fund | $0 | $206,200 | $206,200 |
| General Fund, One-time | $0 | $(89,700) | $1,178,000 |
| Total Expenditures | $0 | $116,500 | $1,384,200 |
Enactment of this Legislation could cost the Tax Commission $116,500 one-time in FY 2026, $1,178,000 one-time in FY 2027, and $206,200 ongoing beginning in FY 2027 from the General Fund to update forms, processes, and databases and for staff to audit and collect on two new tax types.
| FY2025 | FY2026 | FY2027 | |
| Net All Funds (rev-exp) | $0 | $(62,500) | $10,345,500 |
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Enactment of this legislation could increase the aggregate annual tax liability for businesses that harvest brine shrimp by $54,000 one-time in FY 2026 and by $129,700 beginning in FY 2027. This legislation could also increase the aggregate annual tax liability for businesses that operate wind or solar electric generation facilities by $3,300,000 one-time in FY 2026 and by $6,600,000 in ongoing beginning in FY 2027. Enactment could also increase the aggregate annual tax liability for businesses that operate direct current (DC) transmission lines by $2,500,000 one-time in FY 2026 and by $5,000,000 in ongoing beginning in FY 2027. Lastly, this legislation could reduce the annual tax liability for businesses that dispose of concentrated depleted uranium by $120,000 per $1,000,000 in gross receipts, and increase tax liability for those same business by $7 per cubic foot of concentrated depleted uranium disposed of (the aggregate impact for these disposal businesses is unknown).
Enactment of this legislation could result in a medium increase in the regulatory burden for Utah residents or businesses.
This bill does not create a new program or significantly expand an existing program.