Fiscal Note - State of Utah - 2013 General Session
HB0167 - Government Enterprise Gross Receipts Tax to Fund Education
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill imposes a 5% gross receipts tax on governmental entities involved in correctional facility manufacturing, fitness centers, golf courses, health care services, janitorial services, and rental of space. The anticipated revenue increase to the Education Fund is $113 million in FY 2014 and $119 million in FY 2015. This bill increases tax payment costs for the affected entities by $12,090,00 in FY�2014 and $12,690,000 in FY 2015.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue: | |||
| Education Fund | $0 | $119,000,000 | $119,000,000 |
| Education Fund, One-Time | $0 | ($6,000,000) | $0 |
| Total Revenue | $0 | $113,000,000 | $119,000,000 |
| Expenditure: | |||
| General Fund | $0 | $12,587,700 | $12,587,700 |
| General Fund, One-Time | $0 | ($595,100) | $0 |
| Education Fund | $0 | $102,300 | $102,300 |
| Education Fund, One-Time | $0 | ($4,900) | $0 |
| Total Expenditure | $0 | $12,090,000 | $12,690,000 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $100,910,000 | $106,310,000 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $100,910,000 | $106,310,000 |
Local Governments (UCA 36-12-13(2)(c)):
Local governmental entities involved in fitness centers, golf courses, health care services, janitorial services, and/or rental of space will see a 5% gross receipts tax, representing a tax liability increase of $107 million in FY 2014 and $112 million in FY 2015. This bill increases tax payment costs for the affected entities by $100,900,000 in FY 2014 and $106,300,000 in FY 2015.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
This bill represents a tax liability increase of $113,000,000 in FY 2014 and $119,000,000 in FY 2015.
Performance Note Required? (Joint Rule 4-2-404): No
| 3/7/2013, 10:31:48 AM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |