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

	Ongoing	One-time	Total
Net GF/ITF/USF (rev.-exp.)	$0	$(500,000)	$(500,000)

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

Revenues	FY2026	FY2027	FY2028
General Fund, One-time	$(500,000)	$0	$0
Securities Education and Enforcement Account, One-time	$500,000	$0	$0
Total Revenues	$0	$0	$0

Enactment of this legislation could increase the retained revenues for the Securities Investor Education, Training, and Enforcement Fund by up to $500,000 one-time in FY 2026, which would decrease revenue to the General Fund by up to $500,000 one-time in FY 2026 as the allowable balance in the Securities Investor Education, Training, and Enforcement Fund is increased from $500,000 to $1,000,000 at the close of any fiscal year.

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	$0	$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.

2026/01/22 12:39, Lead Analyst Tim Bereece, Attorney: Weenig, A.

Fiscal Note