Fiscal Note - State of Utah - 2013 General Session
HB0409 - Tax on Sand and Gravel Extraction
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill will cost the Tax Commission $182,400 one-time General Fund to implement the programming changes required by the bill.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue | $0 | $0 | $0 |
| Expenditure: | |||
| General Fund, One-Time | $0 | $182,400 | $0 |
| Total Expenditure | $0 | $182,400 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($182,400) | $0 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($182,400) | $0 |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill could increase local revenues by $8.7 million if adopted by all eligible entities.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Businesses engaged in sand and gravel production would seen an increase in costs of 5 percent. The cumulative impact of these costs could be as much as $8.7 million.
Performance Note Required? (Joint Rule 4-2-404): No
| 3/11/2013, 9:01:03 AM, Lead Analyst: Wilko, A./Attny: RF | Office of the Legislative Fiscal Analyst |