Fiscal Note - State of Utah - 2014 General Session
HB0208 - Domestic Asset Protection Trust Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could result in a loss of revenue ot he Education Fund of $230,000 in FY 2015 and $242,000 in FY 2015.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue: | |||
| Education Fund | $0 | ($230,000) | ($242,000) |
| Total Revenue | $0 | ($230,000) | ($242,000) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($230,000) | ($242,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($230,000) | ($242,000) |
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)):
An estimated 150 trusts would benefit from being able to deduct certain income.
Performance Note Required? (Joint Rule 4-2-404): No
| 2/24/2014, 2:15:42 PM, Lead Analyst: Pratt, S./Attny: ECM | Office of the Legislative Fiscal Analyst |