Bill Summary – FastDemocracy

Fiscal Note
                                   H.B. 184 2nd Sub. (Gray)
                                   2024 General Session Vehicle Owner Registration and Insurance Requirements by Teuscher, J. (Bramble, Curtis.)
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 2024              FY 2025                FY 2026
Uninsured Motorist I.D.                                    $0              $91,000               $184,000
Total Revenues                                             $0              $91,000               $184,000
Enactment of this legislation could generate additional revenues to the Uninsured Motorist Identification Restricted Account of $91,000 one-time in FY 2024 and $184,000 ongoing starting in FY
2025 from new fees.
Expenditures FY 2024              FY 2025                FY 2026
Total Expenditures                                         $0                   $0                     $0
Enactment of this legislation likely will not materially impact state expenditures.
                                                      FY 2024              FY 2025                FY 2026
Net All Funds                                                   $0         $91,000               $184,000
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 could cost $1 for each street-legal all-terrain vehicle and $2 for each motorboat in uninsured motorist identification fees per year. The cumulative impact on owners of these
                                                                                                               H.B. 184 2nd Sub. (Gray)
vehicles is estimated be $91,000 one-time in FY 2024 and $184,000 ongoing in FY 2025.
Regulatory Impact UCA 36-12-13(2)(d)
Enactment of this legislation could result in a small increase in 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.
2024/02/22 08:48, Lead Analyst: Ivan D. Djambov Attorney: KPG
Notes on Notes Fiscal notes 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 note is not an appropriation. The Legislature decides appropriations separately.
                                                                                                                                                       H.B. 184 2nd Sub. (Gray)
2024/02/22 08:48, Lead Analyst: Ivan D. Djambov Attorney: KPG
Statutes affected: 
H.B. 184 3rd Substitute (Not Adopted) Text: 31A-22-301, 31A-22-315, 41-22-3, 73-18-13.5
Enrolled: 31A-22-301, 31A-22-315, 41-22-3, 73-18-13.5
H.B. 184 1st Substitute : 31A-22-301, 31A-22-315, 41-22-3, 73-18-13.5
H.B. 184 2nd Substitute (Not Adopted) Text: 31A-22-301, 31A-22-315, 41-22-3, 73-18-13.5
Amended: 41-22-3
Introduced: 41-22-3