H.B. 470
2023/02/17 08:35, Lead Analyst: Heidi Jo Tak Attorney: SE1
Fiscal Note
H.B. 470
2023 General Session
Government Record Amendments
by Cutler, P.
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $(3,400) $(250,000) $(253,400)
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 $3,400 $3,400
General Fund, One-time $0 $250,000 $0
Total Expenditures $0 $253,400 $3,400
Enactment of this legislation could cost the Department of Government Operations Division of
Technology Services $3,400 per year from the General Fund beginning in FY 2024 and $250,000 from
the General Fund one-time in FY 2024 for two-years worth of work associated with the digital verifiable
credentials pilot program. The agency has indicated it can absorb the annual $3,400.
FY 2023 FY 2024 FY 2025
Net All Funds $0 $(253,400) $(3,400)
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 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. H.B. 470
2023/02/17 08:35, Lead Analyst: Heidi Jo Tak Attorney: SE1
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.