H.B. 56 1st Sub. (Buff)
2023/02/01 13:23, Lead Analyst: Andrea Wilko Attorney: SE1
Fiscal Note
H.B. 56 1st Sub. (Buff)
2023 General Session
Tax Assessment Amendments
by Eliason, S. (Eliason, Steve.)
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $(200,000) $0 $(200,000)
State Government UCA 36-12-13(2)(c)
Revenues FY 2023 FY 2024 FY 2025
Total Revenues $0 $0 $0
Enactment of this legislation likely will not materially impact state revenue.
Expenditures FY 2023 FY 2024 FY 2025
General Fund $0 $200,000 $200,000
Total Expenditures $0 $200,000 $200,000
Enactment of this legislation could cost the Tax Commission $200,000 from the General Fund annually
beginning in FY 2024 for a market data service and staff support.
FY 2023 FY 2024 FY 2025
Net All Funds $0 $(200,000) $(200,000)
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 likely will not result in direct expenditures from tax or fee changes for Utah
residents and businesses.
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. H.B. 56 1st Sub. (Buff)
2023/02/01 13:23, Lead Analyst: Andrea Wilko Attorney: SE1
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.