Fiscal Note - State of Utah - 2013 General Session
SB0154 - Sales and Use Taxation of Water
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill increases total sales tax revenue by $24,374,000 in FY 2015, all of which is deposited in the Water Resources Conservation and Development Fund. Also, the Tax Commission receives an adminstrative fee for collecting local sales tax revenue of $84,000 in FY 2015.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue: | |||
| Restricted Funds | $0 | $24,374,000 | $24,374,000 |
| Restricted Funds | $0 | ($24,374,000) | $0 |
| Total Revenue | $0 | $0 | $24,374,000 |
| Expenditure: | |||
| General Fund Restricted | $0 | $84,000 | $84,000 |
| Restricted Funds | $0 | ($84,000) | $0 |
| Total Expenditure | $0 | $0 | $84,000 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $0 | $24,290,000 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $0 | $0 |
Local Governments (UCA 36-12-13(2)(c)):
Local governments will see an increase in sales tax revenue of $10,392,000.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Individuals and businesses will see an increase in the sales tax burden of $34,766,000.
Performance Note Required? (Joint Rule 4-2-404): No
| 3/12/2013, 6:12:40 PM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |