H.B. 26 1st Sub. (Buff)
2023/01/27 08:54, Lead Analyst: Timothy G. Dinehart Attorney: KPG
Fiscal Note
H.B. 26 1st Sub. (Buff)
2023 General Session
License Plate Amendments
by Thurston, N. (Thurston, Norman.)
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $0 $0 $0
State Government UCA 36-12-13(2)(c)
Revenues FY 2023 FY 2024 FY 2025
Transportation Fund, One-time $0 $(858,000) $(900,000)
Dedicated Credits Revenue $0 $(4,192,400) $(4,192,400)
New Account Created By Bill (FN
Only)
$0 $4,192,400 $4,192,400
Total Revenues $0 $(858,000) $(900,000)
Enactment of this legislation could reduce revenue to the Transportation fund by $858,000 one-time
in FY 2024 and $900,000 one-time in FY 2025 due to a decrease in fee revenue from the moratorium
on personalized license plates. Enactment of this legislation could reduce dedicated credits to the Tax
Commission by $4,192,400 from reflectorized plate fees and other service fees as revenue shifts to a
new account. Enactment of this legislation could increase revenue to the new License Plate Restricted
Account by $4,192,400 from fees as revenue shifts from dedicated credits.
Expenditures FY 2023 FY 2024 FY 2025
Dedicated Credits Revenue $0 $(4,192,400) $(4,192,400)
New Account Created By Bill (FN
Only)
$0 $4,192,400 $4,192,400
Total Expenditures $0 $0 $0
Enactment of this legislation could reduce dedicated credits expenditures by the Tax Commission by
$4,192,400 as fee revenue is moved from dedicated credits to the License Plate Restricted Account.
Enactment of this legislation could increase expenditures by the Tax Commission by $4,192,400
from the License Plate Restricted Account as license plate related funding moves shifts into the
new account. Enactment of this legislation and a companion resolution both could cost the Tax
Commission around $395,000 one-time from the General Fund for production of a fourth license plate
option.
FY 2023 FY 2024 FY 2025
Net All Funds $0 $(858,000) $(900,000) H.B. 26 1st Sub. (Buff)
2023/01/27 08:54, Lead Analyst: Timothy G. Dinehart Attorney: KPG
Local Government UCA 36-12-13(2)(c)
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Individuals & Businesses UCA 36-12-13(2)(c)
Enactment of this legislation could reduce fees for personalized license plate holders by approximately
$49 per plate due to the moratorium on personalized license plates. These saved fees would
aggregate to $858,000 in FY 2024 and $900,000 in FY 2025. Enactment could also decrease costs for
vintage vehicle owners who no longer are required to have vehicle emissions inspections.
Regulatory Impact UCA 36-12-13(2)(d)
Enactment of this legislation likely will not change the regulatory burden for Utah residents or
businesses.
Performance Evaluation JR1-4-601
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.