Fiscal Note - State of Utah - 2014 General Session
HB0209 - Extension of Sales and Use Tax Exemption
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could decrease the General Fund by $206,000 annually as the credit is extended into FY 2015 and on.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue: | |||
| General Fund | $0 | ($206,000) | ($206,000) |
| Total Revenue | $0 | ($206,000) | ($206,000) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($206,000) | ($206,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($206,000) | ($206,000) |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill could reduce local revenues by $92,000 annually.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill would allow eligible businesses to continue to receive a sales tax exemption for certain parts and equipment purchases.
Performance Note Required? (Joint Rule 4-2-404): No
| 2/7/2014, 10:43:57 AM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |