Fiscal Note
3rd Sub. S.B. 62 (Ivory)
2025 General Session
Spaceport Exploration Committee
by Stevenson, Jerry W.
(Peterson, Val L.)
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $0 $(4,400) $(4,400)
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, One-time $400 $4,000 $0
Industrial Assistance (GFR), One-
time
$0 $1,000,000 $0
Total Expenditures $400 $1,004,000 $0
Enactment of this legislation could cost the Governor's Office of Economic Opportunity $1,000,000
one-time in FY 2026 from the Industrial Assistance Account to support the Spaceport Exploration
Committee's work. This could also cost the Legislature $400 one-time in FY 2025 and $4,000 one-time
in FY 2026 for per diem of legislators on the new Spaceport Exploration Committee.
FY 2025 FY 2026 FY 2027
Net All Funds $(400) $(1,004,000) $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.
3rd Sub. S.B. 62 (Ivory)
2025/03/05 09:41, Lead Analyst: Rachel Boe, Attorney: Orton, K. 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.
3rd Sub. S.B. 62 (Ivory)
2025/03/05 09:41, Lead Analyst: Rachel Boe, Attorney: Orton, K.