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

	Ongoing	One-time	Total
Net GF/ITF/USF (rev.-exp.)	$(2,000)	$(700)	$(2,700)

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

Revenues	FY2026	FY2027	FY2028
General Fund	$0	$(2,000)	$(2,000)
General Fund, One-time	$0	$(700)	$0
Insurance Department Acct (GFR)	$0	$2,000	$2,000
Insurance Department Acct (GFR), One-time	$0	$700	$0
Total Revenues	$0	$0	$0

Enactment of this legislation could reduce the year-end transfer from the Insurance Department Restricted Account to the General Fund by $700 one-time and $2,000 ongoing beginning in FY 2027.

Expenditures	FY2026	FY2027	FY2028
Insurance Department Acct (GFR)	$0	$2,000	$2,000
Insurance Department Acct (GFR), One-time	$0	$700	$0
Total Expenditures	$0	$2,700	$2,000

Enactment of this legislation could increase expenditures for the Insurance Department by $700 one-time and $2,000 ongoing from the Insurance Department Restricted Account beginning in FY 2027 to fulfill the reporting requirements of the bill. Expenditures from the Insurance Department Restricted Account impact the year-end transfer to the General Fund.

	FY2026	FY2027	FY2028
Net All Funds (rev-exp)	$0	$(2,700)	$(2,000)

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 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 could result in a small increase in 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.

2026/02/11 10:50, Lead Analyst Alejandra Rodriguez, Attorney: Williams, C.

Fiscal Note