Fiscal Note - State of Utah - 2014 General Session

HB0430 - Revisions to Tax

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill would earmark 5/6th of any increase in the motor and special fuel tax rates to the Education Fund and the Tax Rate Reduction Restricted Account in an amount not to exceed $90,000,000. Funding would be distributed 1/5th to the Education Fund and 4/5th to the Tax Rate Reduction Restricted Account.

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