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

	Ongoing	One-time	Total
Net GF/ITF/USF (rev.-exp.)	$(3,825,000)	$3,825,000	$0

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

Revenues	FY2026	FY2027	FY2028
Income Tax Fund	$0	$(3,825,000)	$(3,825,000)
Income Tax Fund, One-time	$0	$3,825,000	$0
Total Revenues	$0	$0	$(3,825,000)

Enactment of this legislation could reduce Income Tax Fund revenues by $3,825,000 annually beginning in FY 2028.

Expenditures	FY2026	FY2027	FY2028
Income Tax Fund, One-time	$0	$0	$15,500
Total Expenditures	$0	$0	$15,500

Enactment of this legislation could cost the Tax Commission $15,500 from the Income Tax one-time in FY 2028 for system updates and testing.

	FY2026	FY2027	FY2028
Net All Funds (rev-exp)	$0	$0	$(3,840,500)

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 may reduce income tax liability to businesses and individuals that own property located within a one-mile radius of a homeless services campus by an estimated $3,825,000 annually beginning in FY 2028. These taxpayers may be eligible to claim a homeless campus neighbor income tax credit equal to 50% of the amount of property taxes stated on the tax notice.

Regulatory ImpactUCA 36-12-13(2)(d)

Enactment of this legislation likely will not change 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 16:36, Lead Analyst Andrea Wilko, Attorney: Arthur, A. V.

Fiscal Note