Fiscal Note - State of Utah - 2012 General Session

HB0174 - Sales and Use Tax Allocations for Water Resources Construction Fund

State Government (UCA 36-12-13(2)(b)):
Beginning in FY 2016, enactment of this bill deposits 15% of the growth in sales tax revenue between fiscal year 2011 and the current fiscal year into the Water Resources Construction Fund. The estimated initial deposit in FY 2016 is $78 million.

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

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)):
Enactment of this bill likely will not result in direct, measurable expenditures by Utah residents or businesses.

2/24/2012, 4:02:53 PM, Lead Analyst: Young, T./Attny: RLROffice of the Legislative Fiscal Analyst