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 Source | FY 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 |