H.B. 446
2023/02/21 13:34, Lead Analyst: Timothy G. Dinehart Attorney: KPG
Fiscal Note
H.B. 446
2023 General Session
Housing and Transit Reinvestment Zone
Modifications
by Snider, C.
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)
To the extent that a county fails to submit an application before December 31, 2022, to create a
housing and transit reinvestment zone near a public transit hub in a county with a small public transit
district, local governments could lose a portion of revenue due to certain vested development rights for
property owners within a radius of the public transit hub. The potential local government revenue loss
cannot be quantified.
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. 446
2023/02/21 13:34, Lead Analyst: Timothy G. Dinehart Attorney: KPG
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.