 | Fiscal Note2nd Sub. H.B. 210 (Gray) 2026 General Session Tax Penalties Amendments by Ballard, Melissa G. |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $1,288,900 | $(1,596,100) | $(307,200) |
| Revenues | FY2026 | FY2027 | FY2028 |
| Income Tax Fund | $0 | $1,288,900 | $1,288,900 |
| Income Tax Fund, One-time | $0 | $(1,588,300) | $0 |
| Total Revenues | $0 | $(299,400) | $1,288,900 |
Enactment of this legislation could decrease Income Tax Fund revenue by $299,400 in FY 2027 and increase total income tax liability $1,288,900 in FY 2028 due to the net effect of modifying income thresholds and enacting a tax credit for married fillers.
| Expenditures | FY2026 | FY2027 | FY2028 |
| Income Tax Fund, One-time | $0 | $7,800 | $0 |
| Total Expenditures | $0 | $7,800 | $0 |
Enactment of this legislation may cost the Tax Commission $7,800 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 | $(307,200) | $1,288,900 |
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 113,000 taxpayers by an average of $161, and decrease tax liability for about 125,000 taxpayers by an average of $150 ongoing beginning in FY 2027 due to the net effect of modifying income thresholds and enacting a tax credit for married fillers. In aggregate, enactment of this legislation may decrease the total income tax liability of taxpayers by $299,400 in FY 2027 and increase total income tax liability $1,288,900 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.