Fiscal Note - State of Utah - 2013 General Session
HB0274 - Tax Credits for Employing a Homeless Person
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may decrease revenue to the Education Fund by $248,000 in FY 2014 and by $496,000 in FY 2015.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue: | |||
| Education Fund | $0 | ($496,000) | ($496,000) |
| Education Fund, One-Time | $0 | $248,000 | $0 |
| Total Revenue | $0 | ($248,000) | ($496,000) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($248,000) | ($496,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($248,000) | ($496,000) |
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)):
Businesses could get a credit of up to $2,000 in a fiscal year for each homeless individual hired. In year one it is expected that approximately 165 individuals would be hired for a cumulative credit of $248,000. In year two approximately 330 individuals are expected to be hired for a cumulative total of $496,000.
Performance Note Required? (Joint Rule 4-2-404): No
| 1/19/2013, 11:00:12 AM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |