Fiscal Note - State of Utah - 2013 General Session
HB0096S02 - Cleaner Burning Fuels Tax Credits Amendments and Related Funding
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could decrease revenue to the Education Fund by $2,850,000 one-time in FY�2015. A transfer from the General Fund one-time will offset the Education Fund decrease for all but $500,000 of the total.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue: | |||
| General Fund, One-Time | $0 | $0 | ($2,350,000) |
| Education Fund, One-Time | $0 | $0 | ($2,850,000) |
| Education Fund, One-Time | $0 | $0 | $2,350,000 |
| Total Revenue | $0 | $0 | ($2,850,000) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $0 | ($2,850,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $0 | ($2,850,000) |
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 could decrease tax paid by certain individuals converting their vehicles to natural gas. The aggregate impact is estimated at $1,250,000. Individuals currently receiving credits under the exemption would continue to benefit in the aggregate amount of $1,600,000.
Performance Note Required? (Joint Rule 4-2-404): No
| 3/14/2013, 4:59:04 PM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |