Fiscal Note - State of Utah - 2011 General Session
SB0131S01 - Unincorporated Business Entity Uniform Acts
State Government (UCA 36-12-13(2)(b)):
Enactment of this legislation will increase annual Commerce Service Fund revenues by $87,800 starting in FY 2013 and annual expenditures by $78,200, plus $9,600 one-time in FY 2012. Commerce Service Fund revenue and expenditures affect the annual transfer to the General Fund.
| State Budget Detail Table | FY 2011 | FY 2012 | FY 2013 |
| Revenue: | |||
| General Fund | $0 | $0 | $9,600 |
| Commerce Service Fund | $0 | $0 | $78,200 |
| Total Revenue | $0 | $0 | $87,800 |
| Expenditure: | |||
| Commerce Service Fund | $0 | $78,200 | $78,200 |
| Commerce Service, One-time | $0 | $9,600 | $0 |
| Total Expenditure | $0 | $87,800 | $78,200 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($87,800) | $9,600 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $0 | $9,600 |
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)):
General partnerships, limited partnerships, and some limited liability companies will be required to pay new filing fees beginning in FY 2013. An estimated 2,000 general partnerships will pay a $37.00 filing fee. 150 limited partnerships will pay the $70.00 reinstatement filing fee and 50 will pay a $37.00 filing fee for a merger, conversion, or domestication. An estimated 20 limited liability companies will also pay the $70.00 filing fee. Individuals involved in these partnerships will be affected by the filing fees.
| 3/1/2011, 12:20:58 PM, Lead Analyst: Lee, P.W./Attny: PO | Office of the Legislative Fiscal Analyst |