Fiscal Note - State of Utah - 2011 General Session

SB0296 - Amendments to Tax Provisions

State Government (UCA 36-12-13(2)(b)):
By increasing the sales tax paid by online travel agencies, this bill increases revenue to the General Fund by $1,436,700 in FY 2012 and $1,542,400 in FY 2013.

State Budget Detail TableFY 2011FY 2012FY 2013
Revenue:   
General Fund$0$1,542,400$1,542,400
General Fund, One-Time$0($105,700)$0
   Total Revenue$0$1,436,700$1,542,400
    
Expenditure$0$0$0
    
Net Impact, All Funds (Rev.-Exp.)$0$1,436,700$1,542,400
   Net Impact, General/Education Funds (Rev.-Exp.)$0$1,436,700$1,542,400

Local Governments (UCA 36-12-13(2)(c)):
By increasing the transient room tax, local sales tax, and county option sales tax on online travel agencies, this bill increases revenue to local governments by $1,278,600 in FY 2012 and $1,372,700 in FY 2013.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Individuals and businesses are expected to see an increase in tax paid of $2,715,300 in FY 2012 and $2,915,100 in FY 2013.

2/23/2011, 11:15:16 AM, Lead Analyst: Young, T./Attny: RLROffice of the Legislative Fiscal Analyst