Fiscal Note - State of Utah - 2014 General Session
SB0155 - Apportionment of Income Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may increase revenue to the Education Fund by $62,000 in FY 2015 and $65,000 in FY 2016. The bill also forgoes an estimated $250,000 annually beginning in FY 2015.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue: | |||
| Education Fund | $0 | $65,000 | $65,000 |
| Education Fund, One-Time | $0 | ($3,000) | $0 |
| Total Revenue | $0 | $62,000 | $65,000 |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $62,000 | $65,000 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $62,000 | $65,000 |
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 may increase the corporate income tax liability of natural gas distribution companies by $62,000 in FY 2015 and $65,000 in FY 2016. For certain natural gas distribution businesses, the bill also reduces potential corporate income tax liability of $250,000 annually.
Performance Note Required? (Joint Rule 4-2-404): No
| 1/31/2014, 1:11:04 PM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |