 | Fiscal Note3rd Sub. S.B. 206 (Ivory) 2026 General Session Tax Amendments by Harper, Wayne A. |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $0 | $0 | $0 |
| Revenues | FY2026 | FY2027 | FY2028 |
| Dedicated Credits Revenue | $0 | $(30,000) | $(30,000) |
| Dedicated Credits Revenue, One-time | $0 | $30,000 | $0 |
| Total Revenues | $0 | $0 | $(30,000) |
Enactment of this legislation may reduce dedicated credit revenue to the Governor's Office of Economic Opportunity by $30,000 beginning in FY 2028 due to a reduction in fee revenue from local entities.
| Expenditures | FY2026 | FY2027 | FY2028 |
| Dedicated Credits Revenue | $0 | $(30,000) | $(30,000) |
| Dedicated Credits Revenue, One-time | $0 | $30,000 | $0 |
| Total Expenditures | $0 | $0 | $(30,000) |
Enactment of this legislation may reduce costs to the Governor's Office of Economic Opportunity by $30,000 beginning in FY 2028 due to a decrease in database management responsibilities.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $0 | $0 | $0 |
Enactment of this legislation may cost political subdivisions $1,700 per project area ongoing beginning in FY 2027 to comply with increased reporting requirements. Enactment may also increase revenue to the program manager by $30,000 due to fee collections from entities participating in the database described in the bill. Enactment may also cost the program manager $30,000 one-time in FY 2026 and $95,500 ongoing beginning in FY 2027 to create and maintain the database. The program manager has indicated that this cost can be absorbed.
Enactment of this legislation likely will not result in direct expenditures from tax or fee changes for Utah residents and businesses.
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.