 | Fiscal NoteS.B. 228 2026 General Session Tax Increment Modifications 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 | $100,000 | $100,000 |
| Total Revenues | $0 | $100,000 | $100,000 |
Enactment of this legislation may increase dedicated credit revenue to the Governor's Office of Economic Opportunity by $100,000 ongoing beginning in FY 2027 due to an increase in the number of political subdivisions paying the fee for inclusion into the database.
| Expenditures | FY2026 | FY2027 | FY2028 |
| Dedicated Credits Revenue | $0 | $100,000 | $100,000 |
| Total Expenditures | $0 | $100,000 | $100,000 |
Enactment of this legislation may cost the Office of Economic Opportunity $100,000 ongoing from dedicated credits beginning in FY 2027 to expand the scope of the existing database for increment financed political subdivisions.
| 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. To the extent that political subdivisions are not already included in the database for increment financed political subdivisions, this legislation may also cost political subdivisions up to $500 ongoing beginning in FY 2027 to pay the fee for inclusion in the database.
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.