Fiscal Note - State of Utah - 2012 General Session

HB0210 - Severance Tax Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could reduce revenue to the General Fund by $48 million in FY 2013 and $96 million beginning in FY 2014. There will be a corresponding increase in the Permanent State Trust Fund.

State Budget Detail TableFY 2012FY 2013FY 2014
Revenue:   
General Fund$0($96,000,000)($96,000,000)
General Fund, One-Time$0$48,000,000$0
Trust Funds$0$48,000,000$96,000,000
   Total Revenue$0$0$0
    
Expenditure$0$0$0
    
Net Impact, All Funds (Rev.-Exp.)$0$0$0
   Net Impact, General/Education Funds (Rev.-Exp.)$0($48,000,000)($96,000,000)

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 likely will not result in direct, measurable expenditures by Utah residents or businesses.

1/11/2012, 5:43:11 PM, Lead Analyst: Wilko, A./Attny: RLROffice of the Legislative Fiscal Analyst