Fiscal Note - State of Utah - 2014 General Session

HB0226 - Severance Tax Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may decrease revenue to the General Fund by $10,491,500 in FY 2015, and by $20,983,100 in FY 2016 if appropriated by the Legislature. There will be a corresponding increase in the permanent state trust fund of those same amounts.

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)):
Enactment of this bill likely will not result in direct, measurable expenditures by Utah residents or businesses.

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