Fiscal Note 1st Sub. H.B. 508 (Buff) 2025 General Session School Data Amendments by MacPherson, Matt General, Income Tax, and Uniform School Funds JR4-4-101 Ongoing One-time Total Net GF/ITF/USF (rev.-exp.) $0 $(300,000) $(300,000) 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 $0 $300,000 $0 Total Expenditures $0 $300,000 $0 Enactment of this legislation could cost the State Board of Education $300,000 one-time from the Income Tax Fund beginning in Fiscal Year 2026 to study student data retention, information systems, and reporting requirements, coordinating with stakeholders, analyzing costs, and delivering a final report with improvement recommendations. The costs are fully absorbable by the State Board of Education. FY 2025 FY 2026 FY 2027 Net All Funds $0 $(300,000) $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. 1st Sub. H.B. 508 (Buff) 2025/03/06 08:54, Lead Analyst: Kiki Hudson, Attorney: Van Hulten, J. 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. 1st Sub. H.B. 508 (Buff) 2025/03/06 08:54, Lead Analyst: Kiki Hudson, Attorney: Van Hulten, J.