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

	Ongoing	One-time	Total
Net GF/ITF/USF (rev.-exp.)	$(2,000,000)	$(3,900)	$(2,003,900)

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

Revenues	FY2026	FY2027	FY2028
Income Tax Fund	$0	$(2,000,000)	$(2,000,000)
Total Revenues	$0	$(2,000,000)	$(2,000,000)

Enactment of this legislation may decrease Income Tax Fund revenue by an estimated $2,000,000 annually beginning in FY 2027 as a result of the tax credit authorized in the bill.

Expenditures	FY2026	FY2027	FY2028
Income Tax Fund, One-time	$0	$3,900	$0
Total Expenditures	$0	$3,900	$0

Enactment of this legislation could cost the Tax Commission $3,900 one-time from the Income Tax Fund in FY 2027 for system changes.

	FY2026	FY2027	FY2028
Net All Funds (rev-exp)	$0	$(2,003,900)	$(2,000,000)

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 would provide a nonrefundable individual income tax credit for first responder volunteers of either $250 or $500, depending on hours of first responder volunteer work performed within the state. An estimated 6,000 first responder volunteers may qualify for an average $333 tax credit, for an aggregate total of $2,000,000 beginning in FY 2027.

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.

2026/01/21 14:17, Lead Analyst Andrea Wilko, Attorney: Harb, G.

Fiscal Note