Fiscal Note - State of Utah - 2012 General Session
HB0312 - Veteran Employment Tax Credit
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could decrease revenue to the Education Fund by $86,700 in FY 2013 and $173,500 ongoing beginning in FY 2014.
| State Budget Detail Table | FY 2012 | FY 2013 | FY 2014 |
| Revenue: | |||
| Education Fund | $0 | ($173,500) | ($173,500) |
| Education Fund, One-Time | $0 | $86,800 | $0 |
| Total Revenue | $0 | ($86,700) | ($173,500) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($86,700) | ($173,500) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($86,700) | ($173,500) |
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 would result in an income and corporate tax savings to certain businesses of up to $2,400 per employee hired in year one and $4,800 per employee hired in year two. The cumulative benefit expected in year two is $173,500.
| 2/2/2012, 4:49:15 PM, Lead Analyst: Wilko, A./Attny: PLA | Office of the Legislative Fiscal Analyst |