Fiscal Note - State of Utah - 2013 General Session
SB0106 - Unemployment Tax Amendment
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill will reduce revenue to the Unemployment Compensation Fund by $7,885,000 in FY 2013 and $15,010,000 in FY 2014.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue: | |||
| Restricted Funds | ($7,885,000) | ($15,010,000) | $0 |
| Total Revenue | ($7,885,000) | ($15,010,000) | $0 |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | ($7,885,000) | ($15,010,000) | $0 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $0 | $0 |
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)):
Employers will have a Calendar Year 2013 tax liability reduction amounting to $22.9 million resulting from a one-time lowering of the minimum rate. The bill likely will not result in direct expenditure for individuals.
Performance Note Required? (Joint Rule 4-2-404): No
| 1/17/2013, 2:15:40 PM, Lead Analyst: Jardine, S./Attny: PLA | Office of the Legislative Fiscal Analyst |