Fiscal Note - State of Utah - 2012 General Session

HB0035 - Extension of Recycling Market Development Zone Tax Credits

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could reduce revenue to the Education Fund by $2,100,000 annually beginning in FY 2013.

State Budget Detail TableFY 2012FY 2013FY 2014
Education Fund$0($2,100,000)($2,100,000)
   Total Revenue$0($2,100,000)($2,100,000)
Net Impact, All Funds (Rev.-Exp.)$0($2,100,000)($2,100,000)
   Net Impact, General/Education Funds (Rev.-Exp.)$0($2,100,000)($2,100,000)

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)):
Businesses involved in recycling zones could continue to claim tax credits estimated at $2,100,000 annually.

1/10/2012, 9:15:43 AM, Lead Analyst: Wilko, A./Attny: RLROffice of the Legislative Fiscal Analyst