Fiscal Note
S.B. 250
2025 General Session
Community Development Modifications
by Cullimore, Kirk A.
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)
Enactment of this legislation could increase property tax revenues to a community reinvestment
agency that agrees with their taxing entity to use an approved rate that exceeds the certified tax rate;
aggregate amount is unknown. Enactment of this legislation could also increase revenues transferred
from the Inland Port Authority or community reinvestment agencies to non-profit housing funds.
Individuals & Businesses UCA 36-12-13(2)(c)
Enactment of this legislation could increase property taxes paid by businesses and individuals within
a community reinvestment agency's boundaries using an approved rate that exceeds the certified tax
rate for property taxes; aggregate amount is unknown.
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.
S.B. 250
2025/02/13 09:03, Lead Analyst: Tim Bereece, Attorney: Oakey-Frost, R. 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. 250
2025/02/13 09:03, Lead Analyst: Tim Bereece, Attorney: Oakey-Frost, R.