H.B. 470 1st Sub. (Buff)
2023/02/25 09:38, Lead Analyst: Heidi Jo Tak Attorney: SE1
Fiscal Note
H.B. 470 1st Sub. (Buff)
2023 General Session
Government Digital Verifiable Record
Amendments
by Cutler, P. (Cutler, Paul.)
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $0 $(250,000) $(250,000)
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, One-time $0 $250,000 $0
Total Expenditures $0 $250,000 $0
Enactment of this legislation could cost the Department of Government Operations Division of
Technology Services $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.
FY 2023 FY 2024 FY 2025
Net All Funds $0 $(250,000) $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 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. 470 1st Sub. (Buff)
2023/02/25 09:38, Lead Analyst: Heidi Jo Tak Attorney: SE1
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.