Fiscal Note - State of Utah - 2012 General Session
SB0059 - Income Tax Contribution for Elementary Schools
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may increase revenue to elementary schools by an anticipated $30,000 annually.
| State Budget Detail Table | FY 2012 | FY 2013 | FY 2014 |
| Revenue: | |||
| Restricted Funds | $0 | $30,000 | $30,000 |
| Total Revenue | $0 | $30,000 | $30,000 |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $30,000 | $30,000 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $0 | $0 |
Local Governments (UCA 36-12-13(2)(c)):
Elementary schools may see increased contributions from individual income tax filers of an anticipated $30,000 per year.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill allows individual income tax filers to contribute to elementary schools on their individual income tax return. The total expected contribution amount is $30,000 annually.
| 2/9/2012, 11:40:55 AM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |