Fiscal Note H.B. 550 2025 General Session Building Permit Fee Prohibition Amendments by Peterson, Thomas W. 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 Total Revenues $0 $0 $0 Enactment of this legislation likely will not materially impact state revenue. 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 $0 $0 $0 Local Government UCA 36-12-13(2)(c) To the extent that a governmental or quasi-governmental entity hires a qualified inspector to inspect new infrastructure projects, building permit fee revenue for a municipality or county as well as the building permit costs for governmental and quasi-governmental entities could be reduced for inspection services no longer provided. As fee structures and the size and scope of Infrastructure projects vary, so could the amount of reduced building permit fee revenue collected for each project; aggregate amount unknown. 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. H.B. 550 2025/02/27 11:03, Lead Analyst: Tim Bereece, Attorney: Nelson, P. 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. 550 2025/02/27 11:03, Lead Analyst: Tim Bereece, Attorney: Nelson, P.