Fiscal Note - State of Utah - 2012 General Session
HB0101S01 - Tax Credits for Employing a Homeless Person
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may decrease revenue to the Education Fund by $215,000 in FY 2013 and by $431,000 in FY 2014.
| State Budget Detail Table | FY 2012 | FY 2013 | FY 2014 |
| Revenue: | |||
| Education Fund | $0 | ($431,000) | ($431,000) |
| Education Fund, One-Time | $0 | $216,000 | $0 |
| Total Revenue | $0 | ($215,000) | ($431,000) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($215,000) | ($431,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($215,000) | ($431,000) |
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 could get a credit of up to $2,000 in a fiscal year for each homeless individual hired. In year one it is expected that approximately 144 individuals would be hired for a cumulative credit of $215,000. In year two approximately 287 individuals are expected to be hired for a cumulative total of $431,000.
| 2/15/2012, 12:45:49 PM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |