Fiscal Note - State of Utah - 2014 General Session

SB0242 - Alternative Energy Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may forgo sales tax revenue of $5,000 in FY 2015, $20,000 in FY 2016, and $88,000 in FY 2017 and income tax revenue of $16,000 in FY 2015, $64,000 in FY 2016, and $265,000 in FY 2017.

Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill could forgo local sales tax revenue of $2,000 in FY 2015, $9,000 in FY 2016, and $40,000 in FY 2017.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill may prevent certain alternative energy companies from a potential tax liability of $23,000 in FY 2015, $93,000 in FY 2016, and $393,000 in FY 2017.

Performance Note Required? (Joint Rule 4-2-404): No