Representatives Seal

Fiscal Note

H.B. 290

2026 General Session

Child Tax Credit Amendments

by Miller, Tracy

Senate Seal
General, Income Tax, and Uniform School FundsJR4-4-101
OngoingOne-timeTotal
Net GF/ITF/USF (rev.-exp.) $(7,100,000) $0 $(7,100,000)
State GovernmentUCA 36-12-13(2)(c)
Revenues FY2026 FY2027 FY2028
Income Tax Fund $0 $(7,100,000) $(7,100,000)
Total Revenues $0 $(7,100,000) $(7,100,000)

Enactment of this bill could reduce revenues to the Income Tax Fund by $7.1 million annually beginning in FY 2027 as a result of the increased thresholds for the income-based phaseout.

Expenditures FY2026 FY2027 FY2028
Total Expenditures $0 $0 $0

Enactment of this legislation likely will not materially impact state expenditures.

FY2026 FY2027 FY2028
Net All Funds (rev-exp) $0 $(7,100,000) $(7,100,000)
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 result in an estimated 18,300 individuals experiencing tax savings of $388 on average beginning in tax year 2026 for aggregate savings of $7.1 million.

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.

2026/01/22 10:17, Lead Analyst Andrea Wilko, Attorney: Harb, G.