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 Table | FY 2012 | FY 2013 | FY 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: RLR | Office of the Legislative Fiscal Analyst |