Fiscal Note
2nd Sub. H.B. 425 (Gray)
2025 General Session
Department of Public Safety Fee
Amendments
by Dunnigan, James A.
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 $125,000 $125,000
Dedicated Credits Revenue, One-
time
$20,000 $0 $0
Concealed Weapons Account
(GFR)
$0 $2,000,000 $2,000,000
Concealed Weapons Account
(GFR), One-time
$300,000 $0 $0
Total Revenues $320,000 $2,125,000 $2,125,000
Enactment of this bill could increase revenue to the following accounts: 1. GFR - Concealed Weapons
Account - $300,000 in FY 2025 and $2,000,000 in FY 2026; and 2. Dedicated Credits - $20,000 in
FY 20025 and $125,000 in FY 2026. In addition, to the extent that there is more than a $2.0 million
balance in the GFR - Concealed Weapons Account at the end of each fiscal year, half of the balance
would be transferred to the Suicide Prevention and Education Fund.
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 $320,000 $2,125,000 $2,125,000
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)
About 80,000 nonresidents could pay about $2,000,000 ongoing in aggregate in concealed weapons
application and renewal fees beginning in FY 2026. Also, about 5,000 sex offenders could pay
$125,000 ongoing in aggregate for increased sex offender registration fees over the same time period.
2nd Sub. H.B. 425 (Gray)
2025/02/26 09:55, Lead Analyst: Gary Syphus, Attorney: Larson, S. 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.
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.
2nd Sub. H.B. 425 (Gray)
2025/02/26 09:55, Lead Analyst: Gary Syphus, Attorney: Larson, S.