Fiscal Note - State of Utah - 2012 General Session
HB0250 - Tax Credit for Dependent with a Disability
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could reduce revenue to the Education Fund by $765,000 in FY 2013 and by $781,000 in FY 2014.
| State Budget Detail Table | FY 2012 | FY 2013 | FY 2014 |
| Revenue: | |||
| Education Fund | $0 | ($781,000) | ($781,000) |
| Education Fund, One-Time | $0 | $16,000 | $0 |
| Total Revenue | $0 | ($765,000) | ($781,000) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($765,000) | ($781,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($765,000) | ($781,000) |
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)):
Eligible taxpayers would receive an estimated benefit of $114 due to the nonrefundable nature of the credit. Approximately 6850 taxpayers could benefit from the provisions for a cumulative benefit to taxpayers of $781,000.
| 1/14/2012, 1:24:24 PM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |