Fiscal Note - State of Utah - 2012 General Session

HB0210S01 - Severance Tax Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill will decrease the General Fund by $19,280,000 in FY 2013 and by $38,460,000 in FY 2014. In FY2017, when fully phased in, the General Fund decrease will be $96,000,000. There will be a corresponding increase in the Permanent State Trust Fund.

State Budget Detail TableFY 2012FY 2013FY 2014
Revenue:   
General Fund$0($38,460,000)($38,460,000)
General Fund, One-Time$0$19,180,000$0
Restricted Funds$0$19,280,000$38,460,000
   Total Revenue$0$0$0
    
Expenditure$0$0$0
    
Net Impact, All Funds (Rev.-Exp.)$0$0$0
   Net Impact, General/Education Funds (Rev.-Exp.)$0($19,280,000)($38,460,000)

Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill likely will not result in direct, measurable costs for local governments.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill likely will not result in direct, measurable expenditures by Utah residents or businesses.

2/3/2012, 12:22:55 PM, Lead Analyst: Wilko, A./Attny: RLROffice of the Legislative Fiscal Analyst