Fiscal Note - State of Utah - 2011 General Session
HB0112 - Severance Tax Code Revisions
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could increase the General Fund by $11,282,000 in FY 2012 and by $26,500,000 in FY 2013.
| State Budget Detail Table | FY 2011 | FY 2012 | FY 2013 |
| Revenue: | |||
| General Fund | $0 | $11,282,000 | $26,500,000 |
| Total Revenue | $0 | $11,282,000 | $26,500,000 |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $11,282,000 | $26,500,000 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $11,282,000 | $26,500,000 |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for local governments.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill could increase the net costs to businesses involved in mining exploration and production by $11,282,000 in FY 2012 and by $26,500,000 in FY 2013. Actual impact on businesses will depend on the number of workover wells and total number of wells from which businesses are producing.
| 2/8/2011, 10:27:33 AM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |