Bill Summary – FastDemocracy

Fiscal Note
                                  H.B. 529 1st Sub. (Buff)
                                  2024 General Session Utah Fits All Scholarship Program Amendments by Pierucci, C. (Pierucci, Candice.)
General, Income Tax, and Uniform School Funds JR4-4-101
                                              Ongoing One-time Total Net GF/ITF/USF (rev.-exp.)                    $(31,000)                  $(16,300)                 $(47,300)
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
Income Tax Fund                                            $0               $31,000                 $31,000
Income Tax Fund, One-time                             $16,300                    $0                      $0
Total Expenditures                                    $16,300               $31,000                 $31,000
Enactment of this bill may cost the Utah Tax Commission $16,300 one-time in FY 2024 and $31,000
ongoing beginning in FY 2025 from the Income Tax Fund to implement the income verification provisions outlined in the bill.
                                                      FY 2024               FY 2025                 FY 2026
Net All Funds                                       $(16,300)              $(31,000)               $(31,000)
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 likely will not result in direct expenditures from tax or fee changes for Utah
                                                                                                                H.B. 529 1st Sub. (Buff)
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.
Performance Evaluation JR1-4-601
This bill does not create a new program or significantly expand an existing program.
2024/02/26 13:07, Lead Analyst: Ben Leishman Attorney: MC
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. 529 1st Sub. (Buff)
2024/02/26 13:07, Lead Analyst: Ben Leishman Attorney: MC
Statutes affected: 
Introduced: 53F-6-401, 53F-6-402, 53F-6-404, 53F-6-405, 53F-6-408, 53F-6-409
H.B. 529 1st Substitute (Not Adopted) Text: 53F-6-401, 53F-6-402, 53F-6-404, 53F-6-405, 53F-6-408, 53F-6-409, 53F-6-412, 59-1-403, 67-3-1