Fiscal Note - State of Utah - 2011 General Session

SB0191 - Workers' Compensation Coverage Waivers

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill will appropriate funds to the Labor Commission in the General Fund Restricted-Industrial Accidents Restricted Account of $10,000 one-time in FY 2011 and $75,000 ongoing and $15,000 one-time in FY 2012. The change in collection of waiver fee for Workers Compensation to the Labor Commission will result in new revenues of approximately $150,000 per fiscal year, representing 3,000 waivers per year at a fee of $50 per waiver.

State Budget Detail TableFY 2011FY 2012FY 2013
General Fund Restricted$0$150,000$150,000
   Total Revenue$0$150,000$150,000
General Fund Restricted$10,000$90,000$75,000
   Total Expenditure$10,000$90,000$75,000
Net Impact, All Funds (Rev.-Exp.)($10,000)$60,000$75,000
   Net Impact, General/Education Funds (Rev.-Exp.)$0$0$0

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 will result in a $50,000 annual reduction in fee collections by the Workers' Compensation Fund. This results from shifting responsibilities to the Labor Commission and changing the three year renewal rate to an annual rate. Individual businesses will also be required to pay the waiver fee on an annual basis as opposed to renewal every three years.

2/15/2011, 10:28:21 AM, Lead Analyst: Lee, P.W./Attny: POOffice of the Legislative Fiscal Analyst