Fiscal Note
H.B. 62
2025 General Session
Property Tax Act Modifications
by Eliason, Steve
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $0 $(3,900) $(3,900)
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
Income Tax Fund, One-time $3,900 $0 $0
Total Expenditures $3,900 $0 $0
Enactment of this legislation could cost the Tax Commission $3,900 one-time from the Income Tax
Fund in FY 2025 for system updates. The Tax Commission has indicated that they can absorb these
costs.
FY 2025 FY 2026 FY 2027
Net All Funds $(3,900) $0 $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. 62
2025/01/15 09:17, Lead Analyst: Andrea Wilko, Attorney: Harb, G. 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. 62
2025/01/15 09:17, Lead Analyst: Andrea Wilko, Attorney: Harb, G.