Fiscal Note - State of Utah - 2014 General Session

HB0258S02 - Municipal Business Licensing Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill likely will not materially impact the state budget.

Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill may cost local governments up to $4.5 million ongoing be in FY 2015 due to forgone revenue on licensing fees.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill may save businesses up to $4.5 million ongoing beginning in FY 2015 due to municpalities not requiring licensing fees for businesses that meet specific criteria as outlined in the bill.

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