 | Fiscal NoteH.B. 201 2026 General Session Radioactive Waste Facility Tax Amendments by Albrecht, Carl R. |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $0 | $0 | $0 |
| Revenues | FY2026 | FY2027 | FY2028 |
| Utah Energy Research Fund, One-time | $(30,015,000) | $30,015,000 | $0 |
| Total Revenues | $(30,015,000) | $30,015,000 | $0 |
Enactment of this Legislation could increase revenue to the Utah Energy Research Fund by up to $30,015,000 one-time in FY 207 from collecting a new radioactive waste facility expansion tax. This increase would be offset by a decrease in revenue in FY 2026.
| Expenditures | FY2026 | FY2027 | FY2028 |
| Environmental Quality (GFR), One-time | $46,800 | $320,900 | $0 |
| Total Expenditures | $46,800 | $320,900 | $0 |
This Legislation could cost the Department of Environmental Quality $46,800 one-time in FY 2026 and $320,900 one-time in FY 2027 from the Environmental Quality Restricted Account to license a new or expanded radioactive waste facility. The department has indicated it can absorb this cost.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $(30,061,800) | $29,694,100 | $0 |
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Enactment of this legislation could increase tax liability for radioactive waste facilities that receive a license for increased disposal volume by up to $30,015,000 one-time in FY 2027. This increase would be offset by a decrease in liability in FY 2026.
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.