Fiscal Note - State of Utah - 2013 General Session
SB0084 - Sales and Use Tax Exemption for Short-term Lodging Consumables
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill reduces sales tax revenue by $1,760,000 in FY 2014 and $1,906,000 in FY 2015, of which $748,000 in FY 2014 and $810,000 in FY 2015 is earmarked for transportation and other purposes.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue: | |||
| General Fund | $0 | ($1,096,000) | ($1,096,000) |
| General Fund, One-Time | $0 | $84,000 | $0 |
| Restricted Funds | $0 | ($748,000) | ($810,000) |
| Total Revenue | $0 | ($1,760,000) | ($1,906,000) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($1,760,000) | ($1,906,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($1,012,000) | ($1,096,000) |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill reduces local government sales tax revenue by $753,000 in FY 2014 and $815,000 in FY 2015.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Businesses and individuals making purchases on short-term lodging consumables will see a reduction in their sales tax burden by $2,513,000 in FY 2014 and $2,721,000 in FY 2015.
Performance Note Required? (Joint Rule 4-2-404): No
| 2/27/2013, 10:45:37 AM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |