Fiscal Note - State of Utah - 2011 General Session
SB0262 - Tobacco Products Amendments
State Government (UCA 36-12-13(2)(b)):
By increasing the tax on certain tobacco related products, enactment of this bill increases one-time revenue to the General Fund by $177,600 in FY 2012 and decreases ongoing revenue to the General Fund by $45,300 in FY 2013. Because sales tax is linked to tobacco sales, enactment of this bill decreases revenue to the General Fund by $16,600 in FY 2012 and $46,600 in FY 2013.
| State Budget Detail Table | FY 2011 | FY 2012 | FY 2013 |
| Revenue: | |||
| General Fund | $0 | ($45,300) | ($45,300) |
| General Fund | $0 | ($46,600) | ($46,600) |
| General Fund, One-Time | $0 | $30,000 | $0 |
| General Fund, One-Time | $0 | $177,600 | $0 |
| Total Revenue | $0 | $115,700 | ($91,900) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $115,700 | ($91,900) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $115,700 | ($91,900) |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill decreases sales tax revenue to local governments by $7,000 in FY 2012 and $19,800 in FY 2013.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
About 52,700 individuals purchasing certain tobacco related products will see a tax increase of 6.9%, or $6.12 per year. Businesses dealing in certain tobacco related products could see a decrease in revenue of $364,500 in FY 2012 and $708,900 in FY 2013.
| 3/7/2011, 9:22:50 AM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |