Bill Summary – FastDemocracy

Fiscal Note
                                   H.B. 441 1st Sub. (Buff)
                                   2024 General Session Registration of Novel Vehicles by Thurston, N. (Thurston, Norman.)
General, Income Tax, and Uniform School Funds JR4-4-101
                                               Ongoing One-time Total Net GF/ITF/USF (rev.-exp.)                          $0                $(43,100)                    $(43,100)
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, One-time                                      $0             $43,100                       $0
Total Expenditures                                          $0             $43,100                       $0
Enactment of this legislation could cost the Tax Commission $43,100 one-time from the General Fund beginning in FY 2025 to enhance the State''s motor vehicle systems, forms, instructions, training and processes as well as personnel costs for system testing and developers.
                                                       FY 2024             FY 2025                  FY 2026
Net All Funds                                                $0           $(43,100)                       $0
Local Government UCA 36-12-13(2)(c)
This legislation would establish a $1 fee in lieu of property tax. This bill will have an unknown but likely minimal impact on county property tax fee in lieu revenues from novel vehicles.
Individuals & Businesses UCA 36-12-13(2)(c)
Individuals that own a novel vehicle will have the option of registering their vehicle with the Motor
                                                                                                                H.B. 441 1st Sub. (Buff)
Vehicle Division (DMV) after paying the required fees.
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.
2024/02/09 14:41, Lead Analyst: Andrew Talleh Attorney: KO
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. 441 1st Sub. (Buff)
2024/02/09 14:41, Lead Analyst: Andrew Talleh Attorney: KO
Statutes affected: 
Introduced: 41-22-10.3, 53-8-205
Enrolled: 41-22-10.3, 53-8-205
H.B. 441 1st Substitute : 41-22-10.3, 63I-1-241
H.B. 441 2nd Substitute (Not Adopted) Text: 41-22-10.3, 53-8-205