Utah 2025 2025 Regular Session

Utah House Bill HB0522 Introduced / Fiscal Note

Filed 02/24/2025

                    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.