 | Fiscal NoteH.B. 337 2026 General Session Nicotine Product Tax Amendments by Clancy, Tyler |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $45,200,000 | $3,226,700 | $48,426,700 |
| Revenues | FY2026 | FY2027 | FY2028 |
| Electronic Cigarette Substance and Nicotine Product Proceeds Restricted Account (GFR) | $0 | $22,000,000 | $22,000,000 |
| Electronic Cigarette Substance and Nicotine Product Proceeds Restricted Account (GFR), One-time | $0 | $(6,325,000) | $0 |
| General Fund | $0 | $45,200,000 | $45,200,000 |
| General Fund, One-time | $0 | $3,250,000 | $0 |
| Total Revenues | $0 | $64,125,000 | $67,200,000 |
Enactment of this legislation is estimated to increase revenues to the General Fund by $48,450,000 in FY 2027 and $45,200,000 in FY 2028. It is also estimated to increase revenues to the Electronic Cigarette Substance and Nicotine Product Proceeds Restricted Account by $15,675,000 in FY 2027 and $22,000,000 in FY 2028.
| Expenditures | FY2026 | FY2027 | FY2028 |
| General Fund, One-time | $15,500 | $7,800 | $0 |
| Total Expenditures | $15,500 | $7,800 | $0 |
Enactment of this legislation could cost the Tax Commission $15,500 one-time in FY 2026 and $7,800 one-time in FY 2027 from the General Fund for system development and testing.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $(15,500) | $64,117,200 | $67,200,000 |
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Enactment of this legislation could increase taxes paid by individuals on certain tobacco products (cigarettes, little cigars, alternative nicotine products, and moist snuff) by $64,125,000 in FY 2027 and $67,200,000 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.