Fiscal Note - State of Utah - 2011 General Session
HB0426 - Taxes for Education Funding Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could increase the General Fund by $5,500,000 annually.
| State Budget Detail Table | FY 2011 | FY 2012 | FY 2013 |
| Revenue: | |||
| General Fund | $0 | $5,500,000 | $5,500,000 |
| Total Revenue | $0 | $5,500,000 | $5,500,000 |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $5,500,000 | $5,500,000 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $5,500,000 | $5,500,000 |
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)):
Businesses and residents could see an increase of 1 percent for certain purchases which translates to one cent per dollar.
| 3/2/2011, 9:41:12 AM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |