 | Fiscal Note1st Sub. H.B. 210 (Buff) 2026 General Session Tax Penalties Amendments by Ballard, Melissa G. |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $1,000,000 | $(1,003,900) | $(3,900) |
| Revenues | FY2026 | FY2027 | FY2028 |
| Income Tax Fund | $0 | $1,000,000 | $1,000,000 |
| Income Tax Fund, One-time | $0 | $(1,000,000) | $0 |
| Total Revenues | $0 | $0 | $1,000,000 |
Enactment of this legislation could increase Income Tax Fund revenue by $0 in FY 2027 and $1,000,000 in FY 2028 due to the net effect of modifying income thresholds, increasing the taxpayer tax credit for married filers, and repealing the earned income tax credit.
| Expenditures | FY2026 | FY2027 | FY2028 |
| Income Tax Fund, One-time | $0 | $3,900 | $0 |
| Total Expenditures | $0 | $3,900 | $0 |
Enactment of this legislation may cost the Tax Commission $3,900 one-time from the Income Tax Fund in FY 2027 for system modifications to administer the provisions of the legislation.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $0 | $(3,900) | $1,000,000 |
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Enactment of this legislation could increase tax liability for about 140,000 taxpayers by an average of $200, and decrease tax liability for about 480,000 taxpayers by an average of $60 ongoing beginning in FY 2027 due to the net effect of modifying income thresholds, increasing the taxpayer tax credit for married filers, and repealing the earned income tax credit. In aggregate, enactment of this legislation may increase the total income tax liability of taxpayers by $0 in FY 2027 and $1,000,000 in FY 2028.
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.