Fiscal Note - State of Utah - 2012 General Session

SB0272S01 - Property Tax Rate Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill likely will not materially impact the state budget.

Local Governments (UCA 36-12-13(2)(c)):
Enacting this bill may reduce the budgeting impacts of large property tax redemptions by smoothing revenue decreases.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Individuals and businesses would see a smoothing of property tax decreases over the relevant four year period.

3/1/2012, 4:18:26 PM, Lead Analyst: Young, T./Attny: RLROffice of the Legislative Fiscal Analyst