Fiscal Note H.B. 522 2025 General Session Automotive Repair Business Amendments by Jack, Colin W. General, Income Tax, and Uniform School Funds JR4-4-101 Ongoing One-time Total Net GF/ITF/USF (rev.-exp.) $(515,000) $0 $(515,000) State Government UCA 36-12-13(2)(c) Revenues FY 2025 FY 2026 FY 2027 General Fund $0 $(365,000) $(365,000) Insurance Department Acct (GFR) $0 $365,000 $365,000 Total Revenues $0 $0 $0 Enactment of this legislation could decrease the year-end transfer to the General Fund from the Department of Insurance by $365,000 ongoing in FY 2026 due to increased spending from the Insurance Department Restricted Account. Expenditures FY 2025 FY 2026 FY 2027 General Fund $0 $150,000 $150,000 Insurance Department Acct (GFR) $0 $365,000 $365,000 Insurance Department Acct (GFR), One-time $0 $8,100 $0 Other Financing Sources $0 $150,000 $150,000 Total Expenditures $0 $673,100 $665,000 Enactment of this legislation could cost the Department of Insurance $8,100 one-time from the Insurance Department Restricted Account in FY 2026 to establish a system of registering and monitoring auto repair shops. The department has indicated that it can absorb these costs. Enactment could also cost the Department of Insurance $365,000 ongoing from the Insurance Department Restricted Account in FY 2026 to monitor compliance and investigate consumer complaints. Expenditures from the Department of Insurance Restricted Account affect the year-end transfer to the General Fund. Additionally, enactment could increase expenditures for the Division of Risk Management by $300,000 ongoing beginning in FY 2026 ($150,000 from the General Fund) for the increased costs in auto liability property damage claims. FY 2025 FY 2026 FY 2027 Net All Funds $0 $(673,100) $(665,000) H.B. 522 2025/02/24 21:16, Lead Analyst: Alejandra Rodriguez, Attorney: Weenig, A. 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 increase costs to motor vehicle insurers for the coverage of diminished value claims by an estimated $500 per claim. The aggregate cost across insurers is unknown. Regulatory Impact UCA 36-12-13(2)(d) Enactment of this legislation could result in a small 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. 522 2025/02/24 21:16, Lead Analyst: Alejandra Rodriguez, Attorney: Weenig, A.