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 Table | FY 2011 | FY 2012 | FY 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: RLR | Office of the Legislative Fiscal Analyst |