H.B. 444 2023/02/15 11:07, Lead Analyst: Ivan D. Djambov Attorney: BH Fiscal Note H.B. 444 2023 General Session Recreational Vehicle Grant Program by Stenquist, J. 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 New Account Created By Bill (FN Only) $0 $4,760,400 $11,485,500 Total Revenues $0 $4,760,400 $11,485,500 Enactment of this legislation could increase the revenues to the newly created Recreational Vehicle Account by $4.8 million one-time in FY 2024 and $11.5 million ongoing in FY 2025. Expenditures FY 2023 FY 2024 FY 2025 New Account Created By Bill (FN Only) $0 $4,760,400 $11,485,500 Total Expenditures $0 $4,760,400 $11,485,500 Enactment of this legislation could cost the Division of Outdoor Recreation from the Recreational Vehicle Account $4.8 million one-time in FY 2024 and $11.5 million ongoing in FY 2025 for staff and grants. FY 2023 FY 2024 FY 2025 Net All Funds $0 $0 $0 Local Government UCA 36-12-13(2)(c) Enactment of this legislation could divert estimated $3.5 million one-time in FY 2024 and $8.4 million ongoing in FY 2025 from local governments fee revenues to the new Recreational Vehicle Account. Individuals & Businesses UCA 36-12-13(2)(c) Enactment of this legislation would add a $25 fee, adjusted annually for inflation, on estimated 121,000 recreational vehicles, which could increase the cumulative tax liability for owners of these vehicles by approximately $1.3 million one-time in FY 2024 and $3.1 million ongoing in FY 2025. H.B. 444 2023/02/15 11:07, Lead Analyst: Ivan D. Djambov Attorney: BH 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. Performance Evaluation JR1-4-601 This bill creates a new program or significantly expands an existing program. For a list of questions lawmakers might ask to improve accountability for the proposed program, please see: https://budget.utah.gov/newprogram 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.