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Fiscal NoteH.B. 25 2nd Sub. (Gray) 2022 General Session Utah Rural Jobs Act Amendments by Abbott, N (Bramble, Curtis.) |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/EF/USF (rev.-exp.) | $(6,090,000) | $6,090,000 | $0 |
| Revenues | FY 2022 | FY 2023 | FY 2024 |
| Education Fund | $0 | $(6,090,000) | $(6,090,000) |
| Education Fund, One-time | $0 | $6,090,000 | $6,090,000 |
| Total Revenues | $0 | $0 | $0 |
Enactment of this legislation could decrease revenue to the Education Fund by $6,090,000 annually in FY 2027 to FY 2030 for specified tax credits authorized by the Governor's Office of Economic Opportunity.
| Expenditures | FY 2022 | FY 2023 | FY 2024 |
| Dedicated Credits Revenue | $0 | $50,000 | $50,000 |
| Total Expenditures | $0 | $50,000 | $50,000 |
Enactment of this legislation could cost the Governor's Office of Economic Opportunity $50,000 ongoing in dedicated credits to implement the new provisions of the program. Dedicated credits revenue would be gathered from a commensurate fee charge.
| FY 2022 | FY 2023 | FY 2024 | |
| Net All Funds (rev-exp) | $0 | $(50,000) | $(50,000) |
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Enactment of this legislation could increase fees for participants by an aggregated $50,000. Enactment of this legislation could also increase tax credits to eligible participants by an aggregated $6,090,000 per year from FY 2027 to FY 2030.