Fiscal Note - State of Utah - 2011 General Session
HB0099S01 - Motion Picture Incentives Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could reduce the Education Fund by $6,793,700 annually. Unused amounts are carried forward for use in subsequent years.
| State Budget Detail Table | FY 2011 | FY 2012 | FY 2013 |
| Revenue: | |||
| Education Fund | $0 | ($6,793,700) | ($6,793,700) |
| Total Revenue | $0 | ($6,793,700) | ($6,793,700) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($6,793,700) | ($6,793,700) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($6,793,700) | ($6,793,700) |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill likely will not result in direct, measurable costs for local governments.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill provides a refundable tax credit for film companies of up to 25 percent for each $100,000 of in-state spending.
| 3/21/2011, 3:27:46 PM, Lead Analyst: Wilko, A./Attny: JLW | Office of the Legislative Fiscal Analyst |