![]() | Fiscal Note3rd Sub. S.B. 225 (Ivory) 2026 General Session Public Corporation Amendments by Stevenson, Jerry W. (Clancy, Tyler) | ![]() |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $0 | $0 | $0 |
| Revenues | FY2026 | FY2027 | FY2028 |
| Total Revenues | $0 | $0 | $0 |
Enactment of this legislation likely will not materially impact state revenue.
| 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 |
Enactment of this legislation could cost the Inland Port Authority up to $1,000 one-time in FY 2026 for personnel services to draft boundary adjustment policies, which the agency can absorb. To the extent a rate lower than 75% of general differential is agreed to, enactment of this legislation could decrease general differential property tax revenue to the Inland Port Authority and increase property tax revenue to local governments as new growth from project development; the aggregate impact is unknown.
To the extent that a business is locating to Inland Port Authority jurisdictional land, enactment of this legislation could increase property tax differential for business recruitment incentive revenue of an unknown amount to a business that will annually consume more than 200,000 gallons of potable water per day, if that level of consumption is allowed by local ordinances, policies, regulations and agreements.
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.

