Fiscal Note - State of Utah - 2014 General Session
HB0140 - Tax Credit Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may decrease revenue to the Education Fund by $100,000 annually beginning in FY 2015. Costs to the Department of Workforce Services to certify the tax credits would be $23,300 in federal funds annually.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue: | |||
| Education Fund | $0 | ($100,000) | ($100,000) |
| Total Revenue | $0 | ($100,000) | ($100,000) |
| Expenditure: | |||
| Federal Funds | $0 | $23,300 | $23,300 |
| Total Expenditure | $0 | $23,300 | $23,300 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($123,300) | ($123,300) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($100,000) | ($100,000) |
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)):
Businesses could get a credit of up to $2,000 in a fiscal year for each homeless individual hired. Under the cap provided by the bill businesses could cumulatively employ approximately 50 individuals.
Performance Note Required? (Joint Rule 4-2-404): No
| 2/19/2014, 2:05:01 PM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |