Fiscal Note - State of Utah - 2013 General Session
SB0033S01 - Sales and Use Tax Revisions
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill reduces sales tax revenue by $146,000 in FY 2014 and $154,100 in FY 2015. Of the sales tax revenue, 57.6% is deposited in the General Fund, 1.3% is deposited in General Fund Restricted, 1.3% is deposited in the Transportation Fund, and 39.7% is deposited in Transportation Fund Restricted.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue: | |||
| General Fund | $0 | ($88,800) | ($88,800) |
| General Fund, One-Time | $0 | $4,800 | $0 |
| Restricted Funds | $0 | ($62,000) | ($65,300) |
| Total Revenue | $0 | ($146,000) | ($154,100) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($146,000) | ($154,100) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($84,000) | ($88,800) |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill reduces local government sales tax revenue by $62,500 in FY 2014 and $66,000 in FY 2015.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Eligible businesses and individuals will see a tax liability decrease of $208,500 in FY 2014 and $220,100 in FY 2015.
Performance Note Required? (Joint Rule 4-2-404): No
| 3/11/2013, 9:06:33 AM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |