Fiscal Note
HB4001 - County Option Funding for Regionally Significant Transportation Infrastructure
State Impact:
If all counties in Utah implement the .25% local option sales tax increase provided in this bill, increased local revenue available for transportation infrastructure is estimated to be $116,000,000 beginning in FY 2008. One time expenditures from the Sales Tax Administration Restricted Account will be $33,800 to print and mail tax bulletins to businesses collecting sales taxes.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2007 Revenue | FY 2008 Revenue |
| Local Revenue | $0 | $0 | $0 | $116,000,000 |
| Restricted Funds | $0 | $33,800 | $0 | $0 |
| Total | $0 | $33,800 | $0 | $116,000,000 |
Individual and Business Impact:
Sales taxes will be increased proportional to purchases by individuals.
Office of the Legislative Fiscal Analyst
9/19/2006, 1:58:57 PM