Fiscal Note
HB0087S02 - Severance Tax Related Amendments
State Impact:
Enactment of this bill could increase General Fund revenues by $20,000 in FY 2007, by $40,000 in FY 2008 and by $177,500 in FY 2009. Based on the provisions of the bill there would also be an increase to the Uintah Basin Revitalization Fund of $2,000,000 in FY 2007, $3,000,000 in FY 2008 and FY 2009 and an increase of $1,000,000 beginning in FY 2008 to the Navajo Revitalization Fund.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| General Fund | $0 | $0 | $0 | $20,000 | $40,000 | $177,500 |
| Restricted Funds | $2,000,000 | $4,000,000 | $4,000,000 | $2,000,000 | $4,000,000 | $4,000,000 |
| Total | $2,000,000 | $4,000,000 | $4,000,000 | $2,020,000 | $4,040,000 | $4,177,500 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals. Enactment likely will benefit entities eligible to receive funding from the Uintah Basin Revitalization Fund and the Navajo Revitalization Fund.
| 2/26/2007, 7:41:22 AM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |