Fiscal Note
H.B. 337 2nd Sub. (Gray)
2025 General Session
Property Manager Requirements
by Teuscher, Jordan D.
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $92,600 $(93,000) $(400)
State Government UCA 36-12-13(2)(c)
Revenues FY 2025 FY 2026 FY 2027
General Fund $0 $92,600 $92,600
General Fund, One-time $0 $(93,000) $0
Commerce Service Account $0 $87,400 $87,400
Commerce Service Account, One-
time
$0 $93,000 $0
Total Revenues $0 $180,000 $180,000
Enactment of this legislation could increase revenue to the Commerce Service Account by $180,000
ongoing beginning in FY 2026 due to the application fees of the new license. This, combined with the
expenditures listed below, could increase the year-end transfer from the Commerce Service Account
to the General Fund by $92,600 ongoing beginning in FY 2026 but decrease the year-end transfer by
$93,000 one-time in FY 2026.
Expenditures FY 2025 FY 2026 FY 2027
Commerce Service Account $0 $87,400 $87,400
Commerce Service Account, One-
time
$0 $93,000 $0
Total Expenditures $0 $180,400 $87,400
Enactment of this legislation could increase costs to the Commerce Service Account by $87,400
ongoing beginning in FY 2026 and $93,000 one-time in FY 2026 for Commerce staff support due
to establishing and maintaining the new license application, educational program, examination, and
issuance process.
FY 2025 FY 2026 FY 2027
Net All Funds $0 $(400) $92,600
Local Government UCA 36-12-13(2)(c)
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
H.B. 337 2nd Sub. (Gray)
2025/02/07 09:52, Lead Analyst: Noah Hansen, Attorney: Weenig, A. Individuals & Businesses UCA 36-12-13(2)(c)
Enactment of this legislation could cost an estimated 2,000 property managers a $90 license
application fee, which aggregates to $180,000 annually
Regulatory Impact UCA 36-12-13(2)(d)
Enactment of this legislation could result in a medium increase in 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.
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. 337 2nd Sub. (Gray)
2025/02/07 09:52, Lead Analyst: Noah Hansen, Attorney: Weenig, A.