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

	Ongoing	One-time	Total
Net GF/ITF/USF (rev.-exp.)	$(80,000)	$(119,400)	$(199,400)

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

Revenues	FY2026	FY2027	FY2028
Dedicated Credits Revenue	$0	$25,600,000	$25,600,000
Dedicated Credits Revenue, One-time	$0	$(22,600,000)	$0
General Fund	$0	$(80,000)	$(80,000)
General Fund, One-time	$0	$(119,400)	$0
Insurance Department Acct (GFR)	$0	$80,000	$80,000
Insurance Department Acct (GFR), One-time	$0	$119,400	$0
Total Revenues	$0	$3,000,000	$25,600,000

Enactment of this legislation could decrease the year-end transfer to the General Fund from the Insurance Department Restricted Account by $119,400 one-time and $80,000 ongoing beginning in FY 2027. This bill could also increase dedicated credits to the newly created Access to Insurance Plan Association by $3,000,000 one-time in FY 2027 and $25,600,000 ongoing from assessments on participating insurers.

Expenditures	FY2026	FY2027	FY2028
Insurance Department Acct (GFR)	$0	$80,000	$80,000
Insurance Department Acct (GFR), One-time	$0	$119,400	$0
Total Expenditures	$0	$199,400	$80,000

Enactment of this legislation could increase expenditures for the Insurance Department by $119,400 one-time and $80,000 ongoing beginning in FY 2027 from the Insurance Department Restricted Account for oversight and enforcement. Spending from the Insurance Department Restricted Account impacts year-end transfers to the General Fund. This bill could also increase dedicated credit expenditures for the new Access to Insurance Plan Association by $3,000,000 one-time in FY 2027 and $25,600,000 ongoing to establish and offer property insurance.

	FY2026	FY2027	FY2028
Net All Funds (rev-exp)	$0	$2,800,600	$25,520,000

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 increase costs to insurers due to assessments from the newly created Access to Insurance Plan Association. Aggregate costs are estimated at $3,000,000 one-time in FY 2027 and $25,600,000 ongoing beginning in FY 2028.

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 creates a new program or significantly expands an existing program.
For a list of questions lawmakers might ask to improve accountability for the proposed program, please see: https://budget.utah.gov/newprogram

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.

2026/02/18 19:32, Lead Analyst Alejandra Rodriguez, Attorney: Moore, T.

Fiscal Note