H.B. 227 1st Sub. (Buff)
2023/01/30 09:04, Lead Analyst: Lacey K. Moore Attorney: CW1
Fiscal Note
H.B. 227 1st Sub. (Buff)
2023 General Session
Hemp Amendments
by Dailey-Provost, J. (Dailey-Provost,
Jennifer.)
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 $(5,000) $(5,000)
Total Revenues $0 $(5,000) $(5,000)
Enactment of this legislation may decrease Dedicated Credit revenue for the Department of Agriculture
and Food''s Industrial Hemp program by $5,000 ongoing starting in FY 2024 from an estimated
reduction of 100 retail establishment licenses.
Expenditures FY 2023 FY 2024 FY 2025
Dedicated Credits Revenue $0 $92,300 $45,400
Total Expenditures $0 $92,300 $45,400
Enactment of this legislation could increase Dedicated Credit expenditures by the Department of
Agriculture and Food''s Industrial Hemp program by $46,900 one-time and $45,500 ongoing beginning
in FY 2024 for rule making costs and to regulate the age limit for cannabinoid product sales.
FY 2023 FY 2024 FY 2025
Net All Funds $0 $(97,300) $(50,400)
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 expenditures by $5,000 statewide for an estimated 100
businesses who only sell non-cannabinoid industrial hemp products from no longer paying a retail
establishment fee.
Regulatory Impact UCA 36-12-13(2)(d)
Enactment of this legislation could result in a small increase in the regulatory burden for Utah residents
or businesses. H.B. 227 1st Sub. (Buff)
2023/01/30 09:04, Lead Analyst: Lacey K. Moore Attorney: CW1
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.