General, Income Tax, and Uniform School FundsJR4-4-101

	Ongoing	One-time	Total
Net GF/ITF/USF (rev.-exp.)	$(31,200)	$(21,300)	$(52,500)

State GovernmentUCA 36-12-13(2)(c)

Revenues	FY2025	FY2026	FY2027
State Tax Commission Administrative Charge Account (GFR)	$0	$7,800	$7,800
State Tax Commission Administrative Charge Account (GFR), One-time	$0	$(7,800)	$0
Species Protection (GFR)	$0	$5,998,700	$5,998,700
Species Protection (GFR), One-time	$0	$(5,998,700)	$0
Total Revenues	$0	$0	$6,006,500

Enactment of this Legislation could increase revenues to the Species Protection account by $5,998,700 ongoing beginning in FY 2027 from implementing new taxes on solar and wind generation facilities, on direct current transmission lines, and on centrally assessed new tax revenue growth. Enactment could also generate $7,800 ongoing beginning in FY 2027 to the State Tax Commission Administrative Charge Account from a portion of revenues collected on wind and solar electric generation facilities.

Expenditures	FY2025	FY2026	FY2027
General Fund	$0	$31,200	$31,200
General Fund, One-time	$0	$21,300	$2,000
State Tax Commission Administrative Charge Account (GFR)	$0	$115,100	$115,100
State Tax Commission Administrative Charge Account (GFR), One-time	$0	$(67,100)	$569,900
Total Expenditures	$0	$100,500	$718,200

Enactment of this Legislation could cost the Tax Commission $460,300 one-time and $6,400 ongoing beginning in FY 2026, and also $571,900 one-time and $139,900 ongoing beginning in FY 2027 from the Tax Commission Administrative Charge Account and from the General Fund to update forms, processes, and databases and for staff to audit and collect on three new tax types and one assessment. Of these costs, 12,300 one-time General Fund in FY 2026 is absorbable. This legislation could also cost the Department of Natural Resources $37,000 one-time in FY 2026 to complete a study on the impacts on energy costs of newly implemented taxes on wind and solar. The department has indicated it can absorb this cost.

	FY2025	FY2026	FY2027
Net All Funds (rev-exp)	$0	$(100,500)	$5,288,300

Local GovernmentUCA 36-12-13(2)(c)

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 starting in FY 2027. This legislation could also cost taxing entities $2,100,000 ongoing in aggregate beginning in FY 2027 from transferring 7% of centrally assessed new growth revenue (as redefined in this bill) to the species protection account.

Individuals & BusinessesUCA 36-12-13(2)(c)

Enactment of this legislation could also increase the aggregate annual tax liability for businesses that operate wind or solar electric generation facilities by $1,398,700 in FY 2027 and by $2,086,400 in FY 2028.

Regulatory ImpactUCA 36-12-13(2)(d)

Enactment of this legislation likely will not change the regulatory burden for Utah residents or businesses.

Performance EvaluationJR1-4-601

This bill does not create a new program or significantly expand an existing program.

Notes on Notes

Fiscal notes estimate the direct costs or revenues of enacting a bill. The Legislature uses them to balance the budget. They do not measure a bill's benefits or non-fiscal impacts like opportunity costs, wait times, or inconvenience. A fiscal note is not an appropriation. The Legislature decides appropriations separately.

2025/03/06 10:34, Lead Analyst Lacey Moore, Attorney: Owen, P.

Fiscal Note