Fiscal Note - State of Utah - 2014 General Session
HB0162 - Asset Protection Trust Amendments
State Government (UCA 36-12-13(2)(b)):
Beginning FY 2015, enactment of this bill could increase revenue to the Commerce Service Fund by about $4,000 per year from registation fees. Beginning FY 2015, enactment of this bill could cost about $4,000 Commerce Service Fund to process and ensure compliance of trust registrations. In FY 2015, enactment of this bill could cost $8,000 Commerce Service Fund one-time in programming and start-up costs for the provisions of this bill. Commerce Service Fund spending affects the annual transfer to the General Fund.
State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
Revenue: | |||
General Fund, One-Time | $0 | ($8,000) | $0 |
Commerce Service Fund | $0 | $4,000 | $4,000 |
Commerce Service, One-time | $0 | $8,000 | $0 |
Total Revenue | $0 | $4,000 | $4,000 |
Expenditure: | |||
Commerce Service Fund | $0 | $4,000 | $4,000 |
Commerce Service, One-time | $0 | $8,000 | $0 |
Total Expenditure | $0 | $12,000 | $4,000 |
Net Impact, All Funds (Rev.-Exp.) | $0 | ($8,000) | $0 |
Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($8,000) | $0 |
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 could pay approximately $4,000 statewide in registration fees. Each registration fee could be about $22.
Performance Note Required? (Joint Rule 4-2-404): No
2/27/2014, 9:36:17 AM, Lead Analyst: King, Z./Attny: ECM | Office of the Legislative Fiscal Analyst |