Fiscal Note - State of Utah - 2012 General Session
SB0112S01 - Multi-channel Video or Audio Service Tax Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill reduces revenue to the General Fund by $1,989,000 in FY 2013 and $2,048,600 in FY 2014.
| State Budget Detail Table | FY 2012 | FY 2013 | FY 2014 |
| Revenue: | |||
| General Fund | $0 | ($2,048,600) | ($2,048,600) |
| General Fund, One-Time | $0 | $59,600 | $0 |
| Total Revenue | $0 | ($1,989,000) | ($2,048,600) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($1,989,000) | ($2,048,600) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($1,989,000) | ($2,048,600) |
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 allows multi-channel video or audio service businesses a 65% nonrefundable tax credit for franchise fees paid to local governments, amounting to $1,989,000 in FY 2013 and $2,048,600 in FY 2014.
| 2/15/2012, 10:42:32 AM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |