Fiscal Note - State of Utah - 2012 General Session
HB0210S01 - Severance Tax Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill will decrease the General Fund by $19,280,000 in FY 2013 and by $38,460,000 in FY 2014. In FY2017, when fully phased in, the General Fund decrease will be $96,000,000. 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 | ($38,460,000) | ($38,460,000) |
| General Fund, One-Time | $0 | $19,180,000 | $0 |
| Restricted Funds | $0 | $19,280,000 | $38,460,000 |
| 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 | ($19,280,000) | ($38,460,000) |
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.
| 2/3/2012, 12:22:55 PM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |