Representatives Seal

Amended Fiscal Note

H.B. 115

2026 General Session

Motor Vehicle Sales Tax Amendments - As Amended

by Peterson, Thomas W.

Senate Seal
General, Income Tax, and Uniform School FundsJR4-4-101
OngoingOne-timeTotal
Net GF/ITF/USF (rev.-exp.) $(10,600,000) $1,192,200 $(9,407,800)
State GovernmentUCA 36-12-13(2)(c)
Revenues FY2026 FY2027 FY2028
Transportation Investment Fund of 2005 $0 $(4,345,000) $(4,345,000)
Transportation Investment Fund of 2005, One-time $0 $553,000 $0
Restricted Accounts (FN Only) $0 $(1,155,000) $(1,155,000)
Restricted Accounts (FN Only), One-time $0 $147,000 $0
General Fund $0 $(10,600,000) $(10,600,000)
General Fund, One-time $0 $1,200,000 $0
Total Revenues $0 $(14,200,000) $(16,100,000)

Enactment of the sales tax exemption in this legislation is estimated to reduce state sales tax revenues to the General Fund and earmarks by approximately $14.2 million in FY 2027 and $16.1 million annually thereafter.

Expenditures FY2026 FY2027 FY2028
General Fund, One-time $7,800 $0 $0
Total Expenditures $7,800 $0 $0

Enactment of this legislation could cost the Tax Commission $7,800 one-time from the General Fund in FY 2026 for programming and system testing.

FY2026 FY2027 FY2028
Net All Funds (rev-exp) $(7,800) $(14,200,000) $(16,100,000)
Local GovernmentUCA 36-12-13(2)(c)

Enactment of the sales tax exemption in this legislation is estimated to reduce local sales tax revenues by approximately $7.5 million in FY 2027 and $8.4 million annually thereafter.

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

Enactment of the sales tax exemption in this legislation is estimated to reduce sales tax liability for purchasers of eligible vehicles by approximately $21.7 million in FY 2027 and $24.5 million annually thereafter.

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.

2026/02/26 15:47, Lead Analyst Andrea Wilko, Attorney: Arthur, A. V.