Fiscal Note - State of Utah - 2013 General Session

SB0031 - Special Needs Adoption Tax Credit

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill reduces revenue to the Education Fund by $241,000 annually.

State Budget Detail TableFY 2013FY 2014FY 2015
Revenue:   
Education Fund$0($241,000)($241,000)
   Total Revenue$0($241,000)($241,000)
    
Expenditure$0$0$0
    
Net Impact, All Funds (Rev.-Exp.)$0($241,000)($241,000)
   Net Impact, General/Education Funds (Rev.-Exp.)$0($241,000)($241,000)

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)):
Enactment of this bill reduces income tax liability for an estimated 241 filers by $1,000 per filer per year.

Performance Note Required? (Joint Rule 4-2-404): No

3/13/2013, 10:56:53 AM, Lead Analyst: Wilko, A./Attny: RLROffice of the Legislative Fiscal Analyst