|
State Impact:
Passage of this bill would result in a General Fund loss of $46,800 in FY 2003. There is also a potential loss of local revenue annually of $15,700. These losses would
increase to $234,000 and $78,800 respectively in FY 2004. Full implementation would result in a loss to the General Fund of $468,000 and a loss of local revenue of
$157,600 beginning in FY 2005. The potential for loss of State and local revenues could be much larger in future years if large enterprises increase their
semiconductor operations in Utah.
| Funding Source |
FY 02
Approp. |
FY 03
Approp. |
FY 02
Revenue |
FY 03
Revenue |
|
General Fund
|
$0
|
$0
|
$0
|
($46,800)
|
|
Local Revenue
|
$0
|
$0
|
$0
|
($15,700)
|
| TOTAL |
$0
|
$0
|
$0
|
($62,500)
|
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
2/22/2001 3:31:35 PM
|
