 | Fiscal Note1st Sub. S.B. 162 (Green) 2026 General Session Online Sales Tax Amendments by Wilson, Chris H. |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $3,400,000 | $(1,000,000) | $2,400,000 |
| Revenues | FY2026 | FY2027 | FY2028 |
| Transportation Investment Fund of 2005 | $0 | $1,343,000 | $1,343,000 |
| Transportation Investment Fund of 2005, One-time | $0 | $(316,000) | $0 |
| General Fund | $0 | $3,400,000 | $3,400,000 |
| General Fund, One-time | $0 | $(1,000,000) | $0 |
| Restricted Revenue | $0 | $357,000 | $357,000 |
| Restricted Revenue, One-time | $0 | $(84,000) | $0 |
| Total Revenues | $0 | $3,700,000 | $5,100,000 |
Enactment of this legislation could increase state sales tax revenue to the General Fund by approximately $2.4 million in FY 2027 and $3.4 million beginning in FY 2028 and increase aggregate state sales tax earmarks by approximately $1.3 million in FY 2027 and $1.7 million beginning in FY 2028 resulting from taxes on additional online transactions.
| 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 | $3,700,000 | $5,100,000 |
Enactment of this legislation could increase sales tax revenue among local governments, in aggregate, by approximately $1.9 million in FY 2027 and approximately $2.7 million in FY 2028, resulting from taxes collected on additional online transactions; impacts will vary by locality.
Enactment of this legislation could increase sales taxes paid by businesses and individuals, in aggregate, by approximately $5.6 million in FY 2027 and approximately $7.8 million in FY 2028, resulting from taxes on additional online transactions; individual impacts will vary.
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.