Fiscal Note - State of Utah - 2011 General Session
SB0069 - Sales and Use Tax Exemption for Textbooks for Higher Education
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill decreases ongoing sales tax revenue to the General Fund by $106,000.
| State Budget Detail Table | FY 2011 | FY 2012 | FY 2013 |
| Revenue: | |||
| General Fund | $0 | ($106,000) | ($106,000) |
| General Fund, One-Time | $0 | $5,000 | $0 |
| Total Revenue | $0 | ($101,000) | ($106,000) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($101,000) | ($106,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($101,000) | ($106,000) |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill decreases sales tax revenue to local governments by $46,000 annually.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
About 2,500 individuals see a combined ongoing tax decrease of $152,000 annually. Up to 10 businesses will not be required to remit sales tax on textbooks sold for non-exempt higher education courses.
| 2/8/2011, 6:28:12 PM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |