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

	Ongoing	One-time	Total
Net GF/ITF/USF (rev.-exp.)	$(105,000)	$(54,800)	$(159,800)

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

Revenues	FY2026	FY2027	FY2028
Commerce Service Account	$0	$105,000	$105,000
Commerce Service Account, One-time	$54,800	$0	$0
General Fund	$0	$(105,000)	$(105,000)
General Fund, One-time	$(54,800)	$0	$0
New Account Created By Bill (FN Only)	$0	$1,000,000	$1,000,000
Total Revenues	$0	$1,000,000	$1,000,000

To the extent that entities are found in violation of this legislation and fulfill their financial obligations, enactment of this legislation could increase revenue for the newly created AI Transparency Enforcement Restricted Account by up to $1,000,000 for a first violation and up to $3,000,000 for any subsequent violations. Assuming one first time violation per year, revenue to the AI Transparency Enforcement Restricted Account could increase by $1,000,000 ongoing per year beginning in FY 2027. After accounting for expected costs, enactment of this legislation could decrease the year-end transfer to the General Fund from the Commerce Service Account by $54,800 one-time in FY 2026 and $105,000 ongoing beginning in FY 2027.

Expenditures	FY2026	FY2027	FY2028
Commerce Service Account	$0	$105,000	$105,000
Commerce Service Account, One-time	$54,800	$0	$0
New Account Created By Bill (FN Only)	$0	$122,700	$122,700
Total Expenditures	$54,800	$227,700	$227,700

Enactment of this legislation could increase expenditures for the Department of Commerce by $54,800 one-time in FY 2026 and $105,000 ongoing beginning in FY 2027 from the Commerce Service Account for enforcement and fulfilling reporting requirements. Spending from the Commerce Service Account impacts year-end transfers to the General Fund. Additionally, enactment could increase expenditures for the Attorney General's Office by $122,700 ongoing beginning in FY 2027 from the new AI Transparency Enforcement Restricted Account for costs associated with civil litigation.

	FY2026	FY2027	FY2028
Net All Funds (rev-exp)	$(54,800)	$772,300	$772,300

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)

To the extent that an entity violates the provisions of this chapter, it could cost said entity up to $1,000,000 for a first violation and up to $3,000,000 for any subsequent violations.

Regulatory ImpactUCA 36-12-13(2)(d)

Enactment of this legislation could result in a medium increase in 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.

2026/02/04 10:59, Lead Analyst Alejandra Rodriguez, Attorney: Elder, S.

Fiscal Note