Fiscal Note - State of Utah - 2012 General Session
HB0112 - Adoption Tax Credit Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could reduce the Education Fund by $405,000 in FY 2013 and by $461,000 in FY 2014.
| State Budget Detail Table | FY 2012 | FY 2013 | FY 2014 |
| Revenue: | |||
| Education Fund | $0 | ($461,000) | ($461,000) |
| Education Fund, One-Time | $0 | $56,000 | $0 |
| Total Revenue | $0 | ($405,000) | ($461,000) |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($405,000) | ($461,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($405,000) | ($461,000) |
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 could resuld in a benefit of up to $1,250 a year for eligible taxpayers. The cumulative benefit to individuals is expected to be $461,000 in FY 2014.
| 2/9/2012, 11:06:09 AM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |