Fiscal Note - State of Utah - 2012 General Session
HB0175 - Second Hand Item Transactions
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill will generate $14,500 in additional revenue beginning in FY 2013 to the Pawnbroker and Secondhand Merchandise Operations Restricted Account by increasing the annual training and database fee.
| State Budget Detail Table | FY 2012 | FY 2013 | FY 2014 |
| Revenue: | |||
| Restricted Funds | $0 | $14,500 | $14,500 |
| Total Revenue | $0 | $14,500 | $14,500 |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $14,500 | $14,500 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $0 | $0 |
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)):
An estimated 290 pawnshops and secondhand merchandise businesses will pay an additional $50 for the annual training and database fee for a total cost of $14,500.
| 2/29/2012, 6:41:07 PM, Lead Analyst: Syphus, G./Attny: SCA | Office of the Legislative Fiscal Analyst |