 | Fiscal NoteS.B. 17 2026 General Session Credit Card Processing Fees Amendments by Winterton, Ronald M. |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $0 | $0 | $0 |
| Revenues | FY2026 | FY2027 | FY2028 |
| HED - Sales and Services: Auxiliary Enterprises | $0 | $3,577,800 | $3,577,800 |
| Total Revenues | $0 | $3,577,800 | $3,577,800 |
Enactment of this legislation could increase revenues to institutions of higher education that do not currently collect fees from users of credit cards. The net increase in sales and services revenue could be $3,577,800 ongoing beginning in Fiscal Year 2027, broken down by institution as follows: Bridgerland Technical College, $125,900; Davis Technical College, $59,900; Dixie Technical College, $76,500; Mountainland Technical College, $37,900; Ogden-Weber Technical College, $44,100; Salt Lake Community College, $813,900; Snow College, $93,700; Southwest Technical College, $19,400; Tooele Technical College, $37,600; Uintah Basin Technical College, $20,000; Utah State University, $1,437,700; Utah Tech University, $222,700; Utah Valley University, $240,800; and Weber State University, $347,700.
| 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 | $3,577,800 | $3,577,800 |
Enactment of this legislation could increase revenues of Local Education Authorities by an average of 3.5% of all transactions charged on credit cards or $35,000 per $1 million of transactions beginning in Fiscal Year 2027. These amounts would vary depending on the credit card fee negotiated by LEAs.
Enactment of this legislation could cost individuals who make credit card purchases at higher education institutions 3.5 cents per dollar for a total cost of $3,577,800 beginning in Fiscal Year 2027.
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.