 | Fiscal Note1st Sub. H.B. 56 (Buff) 2026 General Session Vehicle Registration Amendments by Hall, Katy |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $0 | $(23,300) | $(23,300) |
| Revenues | FY2026 | FY2027 | FY2028 |
| Transportation Investment Fund of 2005 | $0 | $(1,120,000) | $(1,120,000) |
| Transportation Investment Fund of 2005, One-time | $0 | $560,000 | $0 |
| Transportation Fund | $0 | $(4,390,000) | $(4,390,000) |
| Transportation Fund, One-time | $0 | $2,270,000 | $0 |
| Dept. of Public Safety Rest. Acct. | $0 | $(100,000) | $(100,000) |
| Dept. of Public Safety Rest. Acct., One-time | $0 | $50,000 | $0 |
| Motor Vehicle Safety Impact Restricted Account | $0 | $(110,000) | $(110,000) |
| Motor Vehicle Safety Impact Restricted Account, One-time | $0 | $55,000 | $0 |
| Rural Transportation Infrastructure Fund | $0 | $(240,000) | $(240,000) |
| Rural Transportation Infrastructure Fund, One-time | $0 | $120,000 | $0 |
| Total Revenues | $0 | $(2,905,000) | $(5,960,000) |
Enactment of this legislation could reduce aggregate state revenues by $5.96 million ongoing beginning in fiscal year 2028 due to refund of vehicle registration fees. The impact in fiscal year 2027 is half the ongoing amount due to the January 1st effective date. Impacted funds are the Transportation Fund (FY27: -$2.12 million, FY28: -$4.39 million), the Rural Transportation Infrastructure Fund (FY27: -$120,000, FY28: -$240,000), the Motor Vehicle Safety Impact Restricted Account (FY27: -$55,000. FY28:-$110,000), the Department of Public Safety Restricted Account (FY27 -$50,000, FY28 -$100,000), and the Transportation Investment Fund of 2005 (FY27: -$560,000, FY28: $1.12 million).
| Expenditures | FY2026 | FY2027 | FY2028 |
| General Fund, One-time | $0 | $23,300 | $0 |
| Total Expenditures | $0 | $23,300 | $0 |
Enactment of this legislation could cost the Tax Commission $23,300 one-time in fiscal year 2027 for system changes to administer the provisions of the legislation.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $0 | $(2,928,300) | $(5,960,000) |
Enactment of this legislation could reduce revenues to local governments by $6 million ongoing beginning in fiscal year 2028 due to refund of vehicle registration fees. The impact in fiscal year 2027 would be half the ongoing amount due to the January 1st effective date.
Enactment of this legislation could reduce aggregate registration fees paid by individuals and business by $11.96 million ongoing beginning in fiscal year 2028 due to refund of vehicle registration fees. The impact in fiscal year 2027 would be half the ongoing amount due to the January 1st effective date.
Enactment of this legislation likely will not change the regulatory burden for Utah residents or businesses.
This bill does not create a new program or significantly expand an existing program.