Fiscal Note - State of Utah - 2013 General Session
HB0300 - Retention of Sales and Use Tax Collections by Certain Remote Sellers
State Government (UCA 36-12-13(2)(b)):
Enacting this bill could increase the General Fund by $18,000,000 in FY 2014 and by $18,700,000 in FY 2015. Restricted revenues could increase by $12,700,000 in FY 2014 and by $13,200,000 in FY 2015 due to existing statutory earmarks.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue: | |||
| General Fund | $0 | $18,000,000 | $18,700,000 |
| Restricted Funds | $0 | $12,700,000 | $13,200,000 |
| Total Revenue | $0 | $30,700,000 | $31,900,000 |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $30,700,000 | $31,900,000 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $18,000,000 | $18,700,000 |
Local Governments (UCA 36-12-13(2)(c)):
Local sales tax revenue could increase by $13,100,000 in FY 2014 and by $13,700,000 in FY 2015.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Individuals not currently remitting sales or use tax on certain purchases could see an increase in cost of approximately 6.7 percent.
Performance Note Required? (Joint Rule 4-2-404): No
| 2/14/2013, 5:16:11 PM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |