Fiscal Note - State of Utah - 2013 General Session
SB0171 - Sales and Use Tax Exemption for Electronic Financial Payment Services
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may reduce total sales tax revenue by $42,000 in FY 2014 and $43,000 in FY�2015, of which $25,000 (FY 2014) and $26,000 (FY 2015) is General Fund and $17,000 (FY�2014 and FY 2015) is transportation and water related.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue: | |||
| General Fund | $0 | ($26,000) | ($26,000) |
| General Fund, One-Time | $0 | $1,000 | $0 |
| Restricted Funds | $0 | ($17,000) | ($17,000) |
| Total Revenue | $0 | ($42,000) | ($43,000) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($42,000) | ($43,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($25,000) | ($26,000) |
Local Governments (UCA 36-12-13(2)(c)):
Local taxing entities may see a decrease in sales tax revenue of $19,000 in FY 2014 and FY�2015.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Individuals and businesses may see a decrease in their sales tax burden by $61,000 in FY 2014 and $62,000 in FY 2015.
Performance Note Required? (Joint Rule 4-2-404): No
| 2/12/2013, 10:20:43 AM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |