Bill Summary – FastDemocracy

Fiscal Note
                                  H.B. 406 1st Sub. (Buff)
                                  2024 General Session Firearms Financial Transaction Amendments by Maloy, A. (Maloy, A..)
General, Income Tax, and Uniform School Funds JR4-4-101
                                              Ongoing One-time Total Net GF/ITF/USF (rev.-exp.)                    $(58,400)                 $(9,700)                   $(68,100)
State Government UCA 36-12-13(2)(c)
Revenues FY 2024               FY 2025                 FY 2026
Total Revenues                                             $0                    $0                      $0
Enactment of this legislation likely will not materially impact state revenue.
Expenditures FY 2024               FY 2025                 FY 2026
General Fund                                               $0               $58,400                 $58,400
General Fund, One-time                                 $9,700                    $0                      $0
Total Expenditures                                     $9,700               $58,400                 $58,400
Enactment of this legislation could cost the Attorney General $9,700 one-time in FY 2024 from the General Fund and $58,400 ongoing in FY 2025 from the General Fund for costs related to personnel investigating violation claims. To the extent that a financial entity fails to cease violation, enactment of
this legislation could cost the Attorney General $154,200 per civil action to prosecute.
                                                      FY 2024               FY 2025                 FY 2026
Net All Funds                                         $(9,700)            $(58,400)                $(58,400)
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)
                                                                                                                H.B. 406 1st Sub. (Buff)
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 likely will not change the regulatory burden for Utah residents or
businesses.
2024/02/09 16:41, Lead Analyst: Timothy Kevin Bereece Attorney: CRG
Performance Evaluation JR1-4-601
This bill does not create a new program or significantly expand an existing program.
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. 406 1st Sub. (Buff)
2024/02/09 16:41, Lead Analyst: Timothy Kevin Bereece Attorney: CRG