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

	Ongoing	One-time	Total
Net GF/ITF/USF (rev.-exp.)	$0	$(11,700)	$(11,700)

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

Revenues	FY2026	FY2027	FY2028
Species Protection (GFR), One-time	$0	$(455,000)	$(455,000)
Sovereign Lands Mgt (GFR), One-time	$0	$455,000	$455,000
Total Revenues	$0	$0	$0

Enactment of this legislation would shift approximately $455,000 one-time in FY 2027 and in FY 2028 and $907,900 ongoing beginning in FY 2029 from the Species Protection Account to the Sovereign Lands Management Account from changing where brine shrimp royalties are deposited. Enactment of this legislation could also reduce revenues to the Sovereign Lands Management Account, General Fund, State Endowment Fund, and Severance Tax Earmarks beginning in FY 2026 by $3,300,000 in aggregate from expanding severance tax exemptions to include Great Salt Lake extraction operators that enter a voluntary agreement with the state relating to water rights owned by the state.

Expenditures	FY2026	FY2027	FY2028
General Fund, One-time	$11,700	$0	$0
Total Expenditures	$11,700	$0	$0

Enactment of this legislation could increase General Fund costs for the Tax Commission by $11,700 one-time in FY 2026 for process and programming updates.

	FY2026	FY2027	FY2028
Net All Funds (rev-exp)	$(11,700)	$0	$0

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 could reduce severance tax liability for certain operators on the Great Salt Lake by $3.3 million ongoing beginning in FY 2026. Enactment of this legislation could increase tax liability for brine shrimp egg harvesters by approximately $150,000 annually beginning in FY2029 from increasing the brine shrimp royalty rate to 3.75 cents per pound beginning February 1, 2028

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.

2026/03/02 22:04, Lead Analyst Lacey Moore, Attorney: Owen, P.

Fiscal Note