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 Table | FY 2012 | FY 2013 | FY 2014 |
| Revenue: | |||
| Education Fund | $0 | ($2,100,000) | ($2,100,000) |
| Total Revenue | $0 | ($2,100,000) | ($2,100,000) |
| Expenditure | $0 | $0 | $0 |
| 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: RLR | Office of the Legislative Fiscal Analyst |