Enactment of this legislation would shift approximately $907,900 ongoing starting in FY 2027 from the Species Protection Account to the Sovereign Lands Management Account from changing where brine shrimp royalties are deposited. This shifted amount assumes that revenues to the Species Protection Account total at least $800,000 for fiscal years 2027 and 2028 from Wind or Solar Electric Generation Facility Capacity Taxes, Energy Project Assessments, 7% of centrally assessed new growth revenue for each taxing entity in a county, and 12% of the gross receipts of a radioactive waste facility derived from the disposal of concentrated depleted uranium and certain containerized radioactive waste disposal. 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.

Enactment of this legislation could increase General Fund costs for the Tax Commission by $3,900 one-time in FY 2027 from process and programming updates. Enactment of this legislation could also increase expenditures by the Department of Natural Resources from the Sovereign Lands Management Account by $10,000,000 in FY 2027 and by $15,000,000 one-time in FY 2028 from complying with the terms of a settlement related to the ownership of Sovereign Lands in proximity to the Great Salt Lake.