Fiscal Note - State of Utah - 2014 General Session
SB0133 - Benefit Corporation Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could increase revenue to the Commerce Service Fund by $2,400 annually as revenue is generated by the fees from filing reports. Costs to the Commerce Department for processing and storage of the forms could be $1,100 annually. There could also be one-time costs for programming and form creation of $4,200. Spending from the Commerce Service Fund affects annual transfers to the General Fund
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue: | |||
| General Fund | $0 | $1,300 | $1,300 |
| General Fund, One-Time | $0 | ($4,200) | $0 |
| Commerce Service Fund | $0 | $1,100 | $1,100 |
| Commerce Service, One-time | $0 | $4,200 | $0 |
| Total Revenue | $0 | $2,400 | $2,400 |
| Expenditure: | |||
| Commerce Service Fund | $0 | $1,100 | $1,100 |
| Commerce Service, One-time | $0 | $4,200 | $0 |
| Total Expenditure | $0 | $5,300 | $1,100 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($2,900) | $1,300 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($2,900) | $1,300 |
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)):
An estimated 60 businesses would pay $40 for filing an annual benefit report.
Performance Note Required? (Joint Rule 4-2-404): No
| 1/27/2014, 2:55:56 PM, Lead Analyst: Wilko, A./Attny: PO | Office of the Legislative Fiscal Analyst |