Fiscal Note 2nd Sub. H.B. 494 (Gray) 2025 General Session Boards and Committee Amendments by Thurston, Norman K General, Income Tax, and Uniform School Funds JR4-4-101 Ongoing One-time Total Net GF/ITF/USF (rev.-exp.) $15,800 $0 $15,800 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 $0 $(15,800) $(15,800) Total Expenditures $0 $(15,800) $(15,800) Enactment of this legislation could reduce costs to the Senate by $6,900, and to the House of Representatives by $8,900, ongoing from the General Fund beginning in FY 2026, as a result of removing members who are legislators from certain boards and committees. FY 2025 FY 2026 FY 2027 Net All Funds $0 $15,800 $15,800 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. 2nd Sub. H.B. 494 (Gray) 2025/02/28 18:19, Lead Analyst: Jared Gibbs, Attorney: Cipriano, M. 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. 494 (Gray) 2025/02/28 18:19, Lead Analyst: Jared Gibbs, Attorney: Cipriano, M.