 | Fiscal Note1st Sub. H.B. 416 (Buff) 2026 General Session Firefighter Cancer Amendments by Teuscher, Jordan D. |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $(1,900) | $(8,700) | $(10,600) |
| Revenues | FY2026 | FY2027 | FY2028 |
| Firefighters Retirement Trust & Agency Fund | $0 | $(10,300,000) | $(10,300,000) |
| Firefighters Retirement Trust & Agency Fund, One-time | $0 | $700,000 | $0 |
| New Account Created By Bill (FN Only) | $0 | $10,300,000 | $10,300,000 |
| New Account Created By Bill (FN Only), One-time | $0 | $(700,000) | $0 |
| Total Revenues | $0 | $0 | $0 |
Enactment of this legislation could shift the allocation of fire insurance premiums taxes by reallocating $9,600,000 one-time in FY 2027 and $10,300,000 ongoing beginning in FY 2028 to the newly created Firefighter Cancer Benefit Trust Fund.
| Expenditures | FY2026 | FY2027 | FY2028 |
| General Fund | $0 | $1,900 | $1,900 |
| General Fund, One-time | $900 | $7,800 | $0 |
| New Account Created By Bill (FN Only) | $0 | $580,100 | $580,100 |
| New Account Created By Bill (FN Only), One-time | $0 | $(505,100) | $(265,000) |
| Total Expenditures | $900 | $84,700 | $317,000 |
Enactment of this legislation could increase General Fund expenditures by $900 one-time in FY 2026 and $1,900 ongoing beginning in FY 2027 for the Department of Government Operations to create and maintain the Firefighter Cancer Benefit Trust Fund. Enactment of this legislation could cost the Department of Public Safety an estimated $1,900 for per diem and travel reimbursement per board meeting. Assuming four meetings per year, expenditures from the Firefighter Cancer Benefit Trust Fund could increase by $7,600 ongoing per year beginning in FY 2027. Enactment could also increase expenditures for the Department of Public Safety by $75,000 ongoing from the Firefighter Cancer Benefit Trust Fund for personnel resources to staff the board beginning in FY 2027. This bill could increase expenditures for the Tax Commission by by $7,800 one-time in FY 2027 from the General Fund for programming updates. Beginning in FY 2028, the board will begin disbursing earnings on the Firefighter Cancer Benefit Trust Fund to support firefighters diagnosed with presumptive cancers. Assuming a 5% annual rate of return and 50% of the earnings being available for disbursement, the bill could cost the Board $232,500 from the new trust fund in FY 2028, increasing by a like amount each year as additional principal deposits accrue.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $(900) | $(84,700) | $(317,000) |
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Enactment of this legislation likely will not result in direct expenditures from tax or fee changes for Utah residents and businesses.
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.