Representatives Seal

Fiscal Note

1st Sub. H.B. 401 (Buff)

2026 General Session

Geothermal Study Amendments

by Watkins, Christine F. (Hinkins, David P.)

Senate Seal
General, Income Tax, and Uniform School FundsJR4-4-101
OngoingOne-timeTotal
Net GF/ITF/USF (rev.-exp.) $0 $(250,000) $(250,000)
State GovernmentUCA 36-12-13(2)(c)
Revenues FY2026 FY2027 FY2028
Total Revenues $0 $0 $0

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

Expenditures FY2026 FY2027 FY2028
Income Tax Fund, One-time $0 $250,000 $0
Total Expenditures $0 $250,000 $0

Enactment of this Legislation could cost the Utah System of Higher Education $250,000 one-time from the Income Tax Fund in FY 2027 to conduct a study on the geological and environmental impacts of geothermal energy development.

FY2026 FY2027 FY2028
Net All Funds (rev-exp) $0 $(250,000) $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 likely will not result in direct expenditures from tax or fee changes for Utah residents and businesses.

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.

2026/03/05 11:24, Lead Analyst Lacey Moore, Attorney: Elder, S.