 | Fiscal Note3rd Sub. H.B. 210 (Cherry) 2026 General Session Tax Penalties Amendments by Ballard, Melissa G. |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $94,737,200 | $(56,856,300) | $37,880,900 |
| Revenues | FY2026 | FY2027 | FY2028 |
| Income Tax Fund | $0 | $94,737,200 | $94,737,200 |
| Income Tax Fund, One-time | $0 | $(56,848,500) | $(44,921,800) |
| Total Revenues | $0 | $37,888,700 | $49,815,400 |
Enactment of this legislation could increase Income Tax Fund revenue by $37.9 million in FY 2027 and $49.8 million in FY 2028 due to the incremental changes in income thresholds.
| 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 | $37,880,900 | $49,815,400 |
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Enactment of this legislation could increase income tax liability for about 1.01 million taxpayers by an average of $37 in FY 2027 and $48 in FY 2028 due to the incremental changes in income thresholds. In aggregate, enactment of this legislation may increase the total income tax liability of taxpayers by $37.9 million in FY 2027 and $49.8 million 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.