|
State Impact:
Passage of this bill would result in a General Fund loss of $468,000 annually. There is also a potential loss of local revenue annually of $157,600. The potential for
loss of State and local revenues could be much larger in future years if large enterprises increase their operation in Utah.
| Funding Source |
FY 02
Approp. |
FY 03
Approp. |
FY 02
Revenue |
FY 03
Revenue |
|
General Fund
|
$0
|
$0
|
($468,000)
|
($468,000)
|
|
Local Revenue
|
$0
|
$0
|
($157,600)
|
($157,600)
|
| TOTAL |
$0
|
$0
|
($625,600)
|
($625,600)
|
Individual and Business Impact:
Passage of this bill would provide a tax break to those corporations involved in the manufacturing of semiconductors.
Office of the Legislative Fiscal Analyst
2/13/2001 10:35:02 AM
|
