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

	Ongoing	One-time	Total
Net GF/ITF/USF (rev.-exp.)	$(314,800)	$(52,400)	$(367,200)

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

Revenues	FY2026	FY2027	FY2028
Total Revenues	$0	$0	$0

Enactment of this legislation likely will not materially impact state revenue.

Expenditures	FY2026	FY2027	FY2028
General Fund	$0	$269,100	$269,100
General Fund, One-time	$44,800	$0	$0
Income Tax Fund	$0	$45,700	$45,700
Income Tax Fund, One-time	$7,600	$0	$0
Total Expenditures	$52,400	$314,800	$314,800

Enactment of this legislation could increase the risk premiums to the State by $44,800 one-time from the General Fund in FY2026 and $269,100 ongoing from the General Fund beginning in FY2027. Additionally, this could increase risk premiums to the State by $7,600 one-time from the Income Tax Fund in FY2026 and $45,700 ongoing from the Income Tax Fund beginning in FY2027.

	FY2026	FY2027	FY2028
Net All Funds (rev-exp)	$(52,400)	$(314,800)	$(314,800)

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

Enactment of this legislation likely will not result in direct, measurable costs for local governments.

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

Enactment of this legislation likely will not result in direct expenditures from tax or fee changes for Utah residents and businesses.

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

Enactment of this legislation could result in a small increase in 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.

2026/01/19 21:30, Lead Analyst Noah Hansen, Attorney: Vaughn, T.

Fiscal Note