Fiscal Note - State of Utah - 2013 General Session

SB0238S01 - Property Tax Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill likely will not materially impact the state budget.

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)):
Individuals and businesses qualifying under the bill's expanded definitions will see a property tax decrease of about $133,000 statewide in FY 2015. Non-qualifying individuals and businesses will see a property tax increase that totals the same $133,000 statewide. On a $250,000 home, the tax change comes to about $0.09.

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