Fiscal Note - State of Utah - 2013 General Session
HB0138S01 - Individual Income Tax Credit for Purchase of Public Transit Pass and Related Funding
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill reduces revenue to the Education Fund by $764,000 in FY 2014 and $802,000 in FY 2015. The revenue decrease to the Education Fund associated with this bill is covered by a transfer from the General Fund each year.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue: | |||
| General Fund | $0 | ($802,000) | ($802,000) |
| General Fund, One-Time | $0 | $38,000 | $0 |
| Education Fund | $0 | ($764,000) | ($802,000) |
| Education Fund | $0 | $764,000 | $802,000 |
| Total Revenue | $0 | ($764,000) | ($802,000) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($764,000) | ($802,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($764,000) | ($802,000) |
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 reduces the tax liability of around 13,700 public transit passholders by an average of $56 per person in FY 2014 and $59 in FY 2015.
Performance Note Required? (Joint Rule 4-2-404): No
| 2/21/2013, 2:16:18 PM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |