Fiscal Note
SB0234 - Motor Vehicle Registration Fees
State Impact:
Enactment of this bill increases the registration fees on vehicles by $1 until the end of FY 2012. These fees increase revenue as a nonlapsing dedicated credit to the Utah State Tax Commission by $2,620,000 in FY 2010 and $2,676,000 in FY 2011.
Funding Source | FY 2009 Approp. | FY 2010 Approp. | FY 2011 Approp. | FY 2009 Revenue | FY 2010 Revenue | FY 2011 Revenue |
Dedicated Credits | $0 | $2,620,000 | $2,676,000 | $0 | $2,620,000 | $2,676,000 |
Total | $0 | $2,620,000 | $2,676,000 | $0 | $2,620,000 | $2,676,000 |
Individual, Business and/or Local Impact:
Registration fees charged individuals and businesses will increase by $1. Local taxing entities are unaffected.
2/26/2009, 12:56:15 PM, Lead Analyst: Young, T. | Office of the Legislative Fiscal Analyst |