H.B. 539
2023/02/27 08:19, Lead Analyst: Andrea Wilko Attorney: AVA
Fiscal Note
H.B. 539
2023 General Session
Veteran Property Tax Exemption
by Hawkins, 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
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 bill could cause a tax shift, which could result in an $160,000 property tax revenue
decrease to local governments in the first year that will be made up in the certified tax rate and five-
year collection rate average in subsequent years.
Individuals & Businesses UCA 36-12-13(2)(c)
Veterans with 100 percent service-connected disabilities that are permanent may be able to apply for
a property tax exemption a year earlier than allowed currently. This could reduce their property tax
liability by $160,000. Over time this would be shifted to other taxpayers.
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. 539
2023/02/27 08:19, 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.