53H-8-306. Reporting of estimated revenue growth from targeted jobs.
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Effective 10/14/2025
53H-8-306. Reporting of estimated revenue growth from targeted jobs.
(1)On or before October 1, 2030 and each subsequent fifth year, the Department of Workforce Services shall report to the Higher Education Appropriations Subcommittee on:
(a)the total wages in Utah according to the Quarterly Census of Employment and Wages program over the previous five years;
(b)total wages in Utah attributable to four- and five-star jobs that require postsecondary training according to the Occupational Employment and Wage Statistics program over the previous five years;
(c)total wages in Utah for all occupations according to the Occupational Employment and Wage Statistics program over the previous five years;
(d)the quotient of total wages in Subsection (1)(a) and total wages in Subsection (1)(b) ; and
(e)the quotient of total wages in Subsection (1)(c) and total wages in Subsection (1)(b) .
(2)On or before October 1, 2030 and each subsequent fifth year, the commissioner shall report to the Higher Education Appropriations Subcommittee on:
(a)all institutions' high yield awards over the previous five years;
(b)the estimated revenue growth from targeted jobs associated with high yield awards over the previous five years;
(c)the connection between the data described in Subsections (2)(a) and (2)(b) ; and
(d)the estimated median effective income tax rate.
Renumbered and Amended by Chapter 8 , 2025 Special Session 1