Fiscal Note
H.B. 54
2025 General Session
Hemp Amendments
by Dailey-Provost, Jennifer
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 2025 FY 2026 FY 2027
Total Revenues $0 $0 $0
Enactment of this legislation likely will not materially impact state revenue.
Expenditures FY 2025 FY 2026 FY 2027
General Fund, One-time $0 $0 $0
Dedicated Credits Revenue $0 $(500) $(500)
Dedicated Credits Revenue, One-
time
$0 $0 $0
Total Expenditures $0 $(500) $(500)
Enactment of this Legislation could reduce Dedicated Credit expenditures by the Industrial Hemp
program by $500 ongoing beginning in FY 2026 from an estimated reduction of 11 hours annually
spent processing unique producer registration types.
FY 2025 FY 2026 FY 2027
Net All Funds $0 $500 $500
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 could result in a small increase in the regulatory burden for Utah residents
or businesses.
H.B. 54
2025/01/16 12:32, Lead Analyst: Lacey Moore, Attorney: Williams, C. Performance Evaluation JR1-4-601
This bill does not create a new program or significantly expand an existing program.
Notes on Notes
Fiscal explanations 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 explanation is not an appropriation. The
Legislature decides appropriations separately.
H.B. 54
2025/01/16 12:32, Lead Analyst: Lacey Moore, Attorney: Williams, C.