Fiscal Note
H.B. 142
2025 General Session
Service Member and Veteran Amendments
by Teuscher, Jordan D.
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
Dedicated Credits Revenue $0 $(2,722,400) $(2,722,400)
Dedicated Credits Revenue, One-
time
$0 $0 $0
Total Revenues $0 $(2,722,400) $(2,722,400)
Enactment of this legislation could reduce tuition revenues to institutions of higher education estimated
at $2,722,400 beginning in FY 2025 with a range from $1,963,600 to $4,711,000.
Expenditures FY 2025 FY 2026 FY 2027
Total Expenditures $0 $0 $0
Enactment of this legislation likely will not materially impact state expenditures.
FY 2025 FY 2026 FY 2027
Net All Funds $0 $(2,722,400) $(2,722,400)
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 could result in an average cost savings for individuals paying in-state
tuition of approximately $13,600 beginning in FY 2025 with a range of $9,800 to $23,600. This would
result in an estimated total cost savings of approximately $2,722,400 for 200 individuals with a range
in total savings from $1,963,600 to $4,711,000.
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. 142
2025/02/04 10:44, Lead Analyst: Joseph Fitzgerald, Attorney: Larson, S. 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. 142
2025/02/04 10:44, Lead Analyst: Joseph Fitzgerald, Attorney: Larson, S.