Fiscal Note
S.B. 336
2025 General Session
Utah Fairpark Area Investment and
Restoration District Modifications
by Sandall, Scott D.
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 public infrastructure district created by the Fairpark District levies the property
taxes authorized by this legislation, enactment of this legislation may increase property tax revenues
to the public infrastructure district by up to $10.3 million ongoing beginning in fiscal year 2026 of which
$4.4 million comes from the authorization to levy a tax rate up to .015 and $5.9 million comes from the
authorization to levy a tax rate up to .02 in connection with paying a bond. Enactment of this legislation
may increase revenue to the Fairpark District by $5.6 million one-time in fiscal year 2026 and $6.1
million ongoing beginning in fiscal year 2027 due to tax collections on short-term lease and rental of
vehicles.
Individuals & Businesses UCA 36-12-13(2)(c)
To the extent that a public infrastructure district created by the Fairpark District levies the property
taxes authorized by this legislation, enactment of this legislation may increase aggregate property tax
paid by individuals and business by up to $10.3 million ongoing beginning in fiscal year 2026. Property
tax levied on a $500,000 residence would be up to $6,900 per year, and on a $1 million business
would be up to $25,000 per year. Enactment of this legislation may increase aggregate taxes paid
by individuals and businesses by $5.6 million one-time in fiscal year 2026 and $6.1 million ongoing
beginning in fiscal year 2027 due to tax collections on short-term lease and rental of vehicles.
S.B. 336
2025/02/28 08:58, Lead Analyst: Jared Gibbs, Attorney: Nelson, P. 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.
S.B. 336
2025/02/28 08:58, Lead Analyst: Jared Gibbs, Attorney: Nelson, P.