Fiscal Note
2nd Sub. S.B. 333 (Salmon)
2025 General Session
Major Sporting Event Venue Financing
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.) $(70,000) $(10,000) $(80,000)
State Government UCA 36-12-13(2)(c)
Revenues FY 2025 FY 2026 FY 2027
Total Revenues $0 $0 $0
To the extent that a Major Sporting Event Venue Zone imposes a sales tax increment as authorized in
this legislation, a corresponding amount of revenue could be forgone to the General Fund and General
Fund restricted accounts ongoing in the fiscal year following the establishment of the Zone due to
such revenue being redirected to the Major Sporting Event Venue Zone. The true aggregate value of
revenue forgone will vary based on the specific boundary of the Zone, the tax rates imposed, and the
underlying economic activity within the Zone.
Enactment of this legislation may also forgo an unknown amount of revenue to the General Fund
ongoing beginning in fiscal year 2026 due to the sales tax exemption on qualifying construction
materials.
Expenditures FY 2025 FY 2026 FY 2027
General Fund $0 $70,000 $70,000
General Fund, One-time $0 $10,000 $0
State Tax Commission
Administrative Charge Account
(GFR), One-time
$64,900 $447,000 $0
Total Expenditures $64,900 $527,000 $70,000
Enactment of this legislation may cost the Governor's Office of Economic Opportunity $70,000 ongoing
from the General Fund beginning in FY 2026 for half a full-time equivalent employee to manage
and process any applications for the creation of Major Sporting Event Venue Zones and to provide
support to the committee which reviews such materials. It may also cost the Governor's Office of
Economic Opportunity $10,000 one-time from the General Fund in FY 2026 for system modifications
to administer the process of evaluating and creating Major Sporting Event Venue Zones. Enactment of
this legislation could also cost the Tax Commission $64,900 one-time in FY 2025 and $447,000 one-
time in FY 2026 from the State Tax Commission Administrative Charge Account to manage related
forms, instructions, and processes in addition to the use of an outside vendor to develop a system that
is capable of handling the incremental distributions and other programming needs. To the extent that
a Major Sporting Event Venue Zone is proposed, enactment could cost the Legislature $1,600 per
meeting for legislators serving on the major sporting event venue zone committee.
2nd Sub. S.B. 333 (Salmon)
2025/03/04 19:29, Lead Analyst: Jared Gibbs, Attorney: Oakey-Frost, R. FY 2025 FY 2026 FY 2027
Net All Funds $(64,900) $(527,000) $(70,000)
Local Government UCA 36-12-13(2)(c)
To the extent that a Major Sporting Event Venue Zone imposes the taxes authorized in this legislation,
enactment of this legislation may increase revenue to the Zone by an unknown amount in the fiscal
year following the establishment of the Zone. Zones are authorized to implement the following
taxes within their boundaries: property tax increment, sales tax increment, transient room tax,
resort communities tax, additional resort communities tax, municipal energy tax, and municipal
telecommunication tax. To the extent that a tax imposed by a Major Sporting Event Venue Zone
is already imposed by local entities which overlaps a Zone, enactment of this legislation may shift
revenue collected under the tax in the overlapping region from the local entity to the Major Sporting
Event Venue Zone. The true aggregate value of revenue collected and/or shifted will vary based on
the specific boundary of the Zone, the tax rates imposed, and the underlying economic activity within
the Zone.
Enactment of this legislation may also forgo an unknown amount of revenue to local entities ongoing
beginning in fiscal year 2026 due to the sales tax exemption on qualifying construction materials.
Individuals & Businesses UCA 36-12-13(2)(c)
To the extent that a Major Sporting Event Venue Zone imposes the taxes authorized in this legislation,
enactment of this legislation may increase aggregate taxes paid by individuals and business by an
unknown amount in the fiscal year following the establishment of the Zone. Zones are authorized to
implement the following taxes within their boundaries: property tax increment, sales tax increment,
transient room tax, resort communities tax, additional resort communities tax, municipal energy tax,
and municipal telecommunication tax.
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.
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.
2nd Sub. S.B. 333 (Salmon)
2025/03/04 19:29, Lead Analyst: Jared Gibbs, Attorney: Oakey-Frost, R.