H.B. 231
2023/01/20 09:10, Lead Analyst: Andrea Wilko Attorney: AVA
Fiscal Note
H.B. 231
2023 General Session
Low Income Housing Property Tax
Exemption
by Eliason, S.
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
Total Revenues $0 $0 $0
Enactment of this legislation likely will not materially impact state revenue.
Expenditures FY 2023 FY 2024 FY 2025
Total Expenditures $0 $0 $0
Enactment of this legislation likely will not materially impact state expenditures.
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.
Individuals & Businesses UCA 36-12-13(2)(c)
Enactment of this legislation could result in individuals and businesses that now qualify as a non-profit
entity seeing a reduction in the properties taxes paid as a result of the exclusive use exemption. At the
same time other taxpayers will be subject to a tax shift due to the changes in the collection rate and
certified tax rate, the size of which would depend on the number of new eligible non-profit entities in a
tax area. In aggregate the impact will be revenue neutral.
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. 231
2023/01/20 09:10, Lead Analyst: Andrea Wilko Attorney: AVA
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.