Fiscal Note - State of Utah - 2012 General Session

HB0482 - Severance Tax Funding for Certain Programs

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill shifts oil, gas, and mining severance tax revenue from the General Fund to the Constitutional Defense Restricted Account. The anticipated shift is $4,505,000 in FY 2013 and FY 2014.

State Budget Detail TableFY 2012FY 2013FY 2014
Revenue:   
General Fund$0($4,505,000)($4,505,000)
General Fund Restricted$0$4,505,000$4,505,000
   Total 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($4,505,000)($4,505,000)

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

3/3/2012, 10:10:42 AM, Lead Analyst: Young, T./Attny: RLROffice of the Legislative Fiscal Analyst