Fiscal Note

SB0193 - Salvage Vehicles Amendments

State Impact:
Enactment of this bill could decrease dedicated credits revenue to the Utah State Tax Commission by $17,000 in FY 2010 and $10,000 in FY 2011 through the elimination of licensing requirements. This bill may increase revenue to the General Fund through enforcement of the requirement for individuals to title certain vehicles.

Funding SourceFY 2009
Approp.
FY 2010
Approp.
FY 2011
Approp.
FY 2009
Revenue
FY 2010
Revenue
FY 2011
Revenue
Dedicated Credits$0$0$0$0($17,000)($10,000)
   Total
$0

$0

$0

$0

($17,000)

($10,000)

Individual, Business and/or Local Impact:
Some businesses dealing in salvage vehicles may experience decreased licensing costs. Individuals and local entities are likely unaffected.

3/12/2009, 11:46:21 AM, Lead Analyst: Young, T.Office of the Legislative Fiscal Analyst