H.B. 26 2nd Sub. (Gray)
2023/02/20 16:18, Lead Analyst: Timothy G. Dinehart Attorney: KPG
Fiscal Note
H.B. 26 2nd Sub. (Gray)
2023 General Session
License Plate Amendments
by Thurston, N. (Bramble, Curtis.)
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
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 $0 $0
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 $0 $0
Local Government UCA 36-12-13(2)(c)
Enactment of this legislation likely will not result in direct, measurable costs for local governments. H.B. 26 2nd Sub. (Gray)
2023/02/20 16:18, Lead Analyst: Timothy G. Dinehart Attorney: KPG
Individuals & Businesses UCA 36-12-13(2)(c)
Enactment of this legislation could decrease costs for vintage vehicle owners who no longer are
required to have vehicle emissions inspections. The savings from these exemptions cannot be
quantified.
Regulatory Impact UCA 36-12-13(2)(d)
Enactment of this legislation could result in a small reduction in 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.