Fiscal Note - State of Utah - 2013 General Session
HB0145S01 - Youth Organization Restricted Accounts and Income Tax Contributions
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill creates a Youth Development Organization Restricted Account and the Youth Character Organization Restricted Account. Assuming 6,590 individuals contribute on average a $3 checkoff, revenue to each account would be approximately $19,800 annually. Funding would be distributed to qualifying youth councils. Costs to the Department of Finance to administer the funds established in the bill would be $3,000 annually. The Department of Workforce Services costs would be approximately $1,000 annually. Total General Fund costs are estimated at $4,000 annually.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue: | |||
| Restricted Funds | $0 | $39,600 | $39,600 |
| Total Revenue | $0 | $39,600 | $39,600 |
| Expenditure: | |||
| General Fund | $0 | $4,000 | $4,000 |
| Restricted Funds | $0 | $39,600 | $39,600 |
| Total Expenditure | $0 | $43,600 | $43,600 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($4,000) | ($4,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($4,000) | ($4,000) |
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)):
About 13,180 individuals may contribute to the youth organizations identified in the bill resulting in a cumulative benefit to the these organizations of $39,600 annually.
Performance Note Required? (Joint Rule 4-2-404): No
| 3/12/2013, 9:19:02 AM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |