Fiscal Note - State of Utah - 2013 General Session
HB0145 - Youth Development Organization Restricted Account and Income Tax Contribution
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill creates a Youth Development Organization Restricted Account. Assuming 6,590 individuals contribute on average a $3 checkoff, revenue to the Youth Development Organization Restricted Account would be approximately $19,800 annually. Funding would be distributed to qualifying Youth Development Organization Councils. Costs to the Department of Finance to administer the fund established in the bill would be $1,500 annually. The Department of Workforce Services costs would be approximately $7,300 annually. Total General Fund costs are estimated at $8,800 annually.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue: | |||
| Restricted Funds | $0 | $19,800 | $19,800 |
| Total Revenue | $0 | $19,800 | $19,800 |
| Expenditure: | |||
| General Fund | $0 | $8,800 | $8,800 |
| Restricted Funds | $0 | $19,800 | $19,800 |
| Total Expenditure | $0 | $28,600 | $28,600 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($8,800) | ($8,800) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($8,800) | ($8,800) |
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)):
About 6,590 individuals may contribute to Youth Development Organization resulting in a cumulative benefit to the Youth Development Organization Councils of $19,800 annually.
Performance Note Required? (Joint Rule 4-2-404): No
| 2/19/2013, 2:35:38 PM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |