Bill Summary – FastDemocracy

Fiscal Note
                                   S.B. 208 1st Sub. (Green)
                                   2024 General Session Housing and Transit Reinvestment Zone Amendments by Harper, W. (Harper, Wayne.)
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
Total Revenues                                             $0                   $0                      $0
Enactment of this legislation likely will not materially impact state revenue.
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                  $0                      $0
Local Government UCA 36-12-13(2)(c)
Enactment of this legislation could require counties to transfer less increment, equal to revenue collected from their assessing and collecting levies. For each $10 million in value, counties could keep up to $150 more in increment that otherwise would have gone to housing and transit reinvestment zones.
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 residents and businesses.
                                                                                                               S.B. 208 1st Sub. (Green)
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.
2024/02/19 15:39, Lead Analyst: Andrea Wilko 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.
                                                                                                                                                       S.B. 208 1st Sub. (Green)
2024/02/19 15:39, Lead Analyst: Andrea Wilko Attorney: KPG
Statutes affected: 
S.B. 208 2nd Substitute (Not Adopted) Text: 63N-3-602, 63N-3-603, 63N-3-604, 63N-3-605, 63N-3-607, 63N-3-610
Amended: 63N-3-602, 63N-3-603, 63N-3-604, 63N-3-605, 63N-3-607, 63N-3-610
Enrolled: 63N-3-602, 63N-3-603, 63N-3-604, 63N-3-605, 63N-3-607, 63N-3-610
S.B. 208 1st Substitute : 63N-3-602, 63N-3-603, 63N-3-604, 63N-3-605, 63N-3-610
Introduced: 63N-3-602, 63N-3-603, 63N-3-604, 63N-3-605, 63N-3-610