Fiscal Note - State of Utah - 2011 General Session
SB0276 - Personal Property Audits
State Government (UCA 36-12-13(2)(b)):
Enacting this bill shifts auditing costs to the taxing entity for which an audit is performed and saves the State Tax Commission's Property Tax Division $200,000.
| State Budget Detail Table | FY 2011 | FY 2012 | FY 2013 |
| Revenue | $0 | $0 | $0 |
| Expenditure: | |||
| Education Fund | $0 | ($200,000) | ($200,000) |
| Dedicated Credits | $0 | $200,000 | $200,000 |
| Total Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $0 | $0 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $200,000 | $200,000 |
Local Governments (UCA 36-12-13(2)(c)):
Shifting this responsibility will cost local taxing entities about $200,000.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enacting this bill likely will not result in direct, measurable expenditures by Utah residents or businesses.
| 2/28/2011, 4:29:08 PM, Lead Analyst: Young, T./Attny: RHR | Office of the Legislative Fiscal Analyst |