Fiscal Note - State of Utah - 2014 General Session
HB0358 - Amendments to Tax on Cigars
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may decrease revenue to the General Fund by $3,100,000 annually beginning in FY 2017.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue: | |||
| General Fund | $0 | ($3,100,000) | ($3,100,000) |
| General Fund, One-Time | $0 | $3,100,000 | $3,100,000 |
| Total Revenue | $0 | $0 | $0 |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $0 | $0 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $0 | $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)):
Enactment of this bill could decrease the cost of cigars for certain individuals. The actual savings will be dependent upon the purchase price of the cigar.
Performance Note Required? (Joint Rule 4-2-404): No
| 3/10/2014, 9:06:28 AM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |