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 Table | FY 2012 | FY 2013 | FY 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: RLR | Office of the Legislative Fiscal Analyst |