Fiscal Note - State of Utah - 2014 General Session
SB0065 - Sales and Use Tax Exemption Modifications
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may reduce revenue to the General Fund by $140,000 in FY 2015 and FY 2016. The bill may also reduce earmarked sales tax revenue by $103,000 in FY 2015 and FY 2016.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue: | |||
| General Fund | $0 | ($140,000) | ($140,000) |
| Restricted Funds | $0 | ($103,000) | ($103,000) |
| Total Revenue | $0 | ($243,000) | ($243,000) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($243,000) | ($243,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($140,000) | ($140,000) |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill may reduce revenue to local governments by $104,000 in FY 2015 and FY 2016.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill may reduce sales tax liability for certain businesses by $347,000 in FY 2015 and FY 2016.
Performance Note Required? (Joint Rule 4-2-404): No
| 2/20/2014, 9:04:45 AM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |