Fiscal Note - State of Utah - 2014 General Session

HB0148 - Off-highway Vehicle Amendments

State Government (UCA 36-12-13(2)(b)):
To the extent that there are more motor vehicle registrations as a result of this bill, each additional registration will generate revenue of about: (1) $62.50 to the Transportation Fund, (2) $2.25 in dedicated credits (Tax Commission), (3) $1 in to the General Fund Restricted - Uninsured Motorist Identification Account, and (4) $0.50 to the General Fund Restricted - Aero Bureau Account. The total amount of revenue collected (if any) is indeterminable.

State Budget Detail TableFY 2014FY 2015FY 2016
Revenue$0$0$0
    
Expenditure$0$0$0
    
Net Impact, All Funds (Rev.-Exp.)$0$0$0
   Net Impact, General/Education Funds (Rev.-Exp.)$0$0$0

Local Governments (UCA 36-12-13(2)(c)):
Local governments could collect an estimated $63 on average for each additional vehicle that is registered as a result of this bill.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
To the extent that there are more vehicles registrations as a result of this bill, respective owners will pay about $129.25 on average in additional motor vehicle registration fees. Also, to the extent that there are more vehicle safety inspections as a result of this bill, businesses will collect up to $7 per inspection from individuals.

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

2/22/2014, 8:34:03 AM, Lead Analyst: Syphus, G./Attny: SCHOffice of the Legislative Fiscal Analyst