Fiscal Note - State of Utah - 2013 General Session
HB0372 - Cigarette, Tobacco, and Nicotine Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may increase tobacco tax and sales tax revenue by $1,628,000 in FY 2014 and $1,661,000 in FY 2015. Under current law, a portion of sales tax is set aside for transportation and other purposes. The set-aside would be approximately $36,000 in FY 2014 and FY 2015.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue: | |||
| General Fund | $0 | $1,625,000 | $1,625,000 |
| General Fund, One-Time | $0 | ($33,000) | $0 |
| Restricted Funds | $0 | $36,000 | $36,000 |
| Total Revenue | $0 | $1,628,000 | $1,661,000 |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $1,628,000 | $1,661,000 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $1,592,000 | $1,625,000 |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill may increase local sales tax revenue by $38,000 in FY 2014 and FY 2015.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill imposes tobacco tax on consumers of certain nicotine products, which represents an increase in the tobacco tax and sales tax burden of about $1,628,000 in FY 2014 and $1,661,000 in FY 2015.
Performance Note Required? (Joint Rule 4-2-404): No
| 3/4/2013, 8:26:44 AM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |