 | Fiscal Note1st Sub. H.B. 378 (Buff) 2025 General Session Department of Natural Resources Funding Amendments by Snider, Casey |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $(115,100) | $43,800 | $(71,300) |
| Revenues | FY2025 | FY2026 | FY2027 |
| Species Protection (GFR) | $0 | $10,300,000 | $10,300,000 |
| Species Protection (GFR), One-time | $0 | $(10,300,000) | $0 |
| Total Revenues | $0 | $0 | $10,300,000 |
Enactment of this Legislation could increase revenues to the Species Protection account by $10,300,000 ongoing beginning in FY 2027 from implementing new taxes on solar and wind generation facilities and on direct current transmission lines.
| Expenditures | FY2025 | FY2026 | FY2027 |
| General Fund | $0 | $115,100 | $115,100 |
| General Fund, One-time | $0 | $(43,800) | $569,900 |
| Total Expenditures | $0 | $71,300 | $685,000 |
Enactment of this Legislation could cost the Tax Commission $68,100 one-time in FY 2026, $569,900 one-time in FY 2027, and $115,100 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 | $(71,300) | $9,615,000 |
Enactment of this legislation could require certain counties with electrical transmission lines constructed or that first transmit on or after January 1, 2026 to remit property tax equal to the product of $6,400 and the number of miles of transmission lines within that county. This transfer is estimated at $2,500,000 in aggregate.
Enactment of this legislation could also increase the aggregate annual tax liability for businesses that operate wind or solar electric generation facilities by $7,800,000 in ongoing beginning in FY 2027.
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.