 | Fiscal Note2nd Sub. S.B. 278 (Salmon) 2026 General Session Point of the Mountain State Land Authority Modifications by Stevenson, Jerry W. |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $15,000 | $(3,900) | $11,100 |
| Revenues | FY2026 | FY2027 | FY2028 |
| General Fund | $0 | $15,000 | $15,000 |
| Total Revenues | $0 | $15,000 | $15,000 |
Enactment of this legislation may reduce the amount of revenue forgone from the General Fund due to a change in the state sales tax earmark. This results in an ongoing $15,000 increase to the General Fund beginning in FY 2027, with the amount growing as the sales tax base at Point of the Mountain State Land expands. To the extent a loan agreement is extended or forgiven, the state could receive reduced loan payments.
| Expenditures | FY2026 | FY2027 | FY2028 |
| General Fund, One-time | $3,900 | $0 | $0 |
| Total Expenditures | $3,900 | $0 | $0 |
Enactment of this legislation may cost the Tax Commission $3,900 from the General Fund one-time in FY 2026 for system modifications to administer the provisions of the legislation.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $(3,900) | $15,000 | $15,000 |
Enactment of this legislation may reduce revenue to the Point of the Mountain Authority by $15,000 ongoing beginning in FY 2027 due to a change in the sales tax earmark. To the extent a loan agreement is extended or forgiven, the authority could see reduced loan payments.
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.