Fiscal Note
S.B. 187
2025 General Session
Critical Minerals Amendments
by Stevenson, Jerry W.
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $0 $(7,500) $(7,500)
State Government UCA 36-12-13(2)(c)
Revenues FY 2025 FY 2026 FY 2027
Industrial Assistance (GFR), One-
time
$11,000,000 $0 $0
Total Revenues $11,000,000 $0 $0
Enactment of this legislation would appropriate $11,000,000 one-time in FY 2025 from the Throughput
Infrastructure Fund to the Industrial Assistance Account.
Expenditures FY 2025 FY 2026 FY 2027
General Fund, One-time $7,500 $0 $0
Industrial Assistance (GFR), One-
time
$11,000,000 $0 $0
Throughput Infrastructure Fund,
One-time
$11,000,000 $0 $0
Total Expenditures $22,007,500 $0 $0
Enactment of this legislation would appropriate $11,000,000 one-time in FY 2025 from the Throughput
Infrastructure Fund to the Industrial Assistance Account. Enactment could also increase expenditures
in the Governor's Office of Economic Opportunity by $11,000,000 one-time from the Industrial
Assistance Account in FY 2025 to provide financial assistance and by $7,500 one-time from the
General Fund in FY 2025 to develop an online portal and administer the program. The agency
indicates it can absorb the $7,500 within existing appropriations.
FY 2025 FY 2026 FY 2027
Net All Funds $(11,007,500) $0 $0
Local Government UCA 36-12-13(2)(c)
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
S.B. 187
2025/01/30 14:09, Lead Analyst: Josh Pittman, Attorney: Owen, P. 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 could result in a medium reduction in the regulatory burden for Utah
residents or businesses.
Performance Evaluation JR1-4-601
This bill creates a new program or significantly expands an existing program.
For a list of questions lawmakers might ask to improve accountability for the proposed program,
please see: https://budget.utah.gov/newprogram
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.
S.B. 187
2025/01/30 14:09, Lead Analyst: Josh Pittman, Attorney: Owen, P.