Fiscal Note - State of Utah - 2012 General Session
HB0298S01 - Motor Vehicle Safety Inspection Amendments
State Government (UCA 36-12-13(2)(b)):
Enacting this bill will eliminate the vehicle safety inspection fee, reducing dedicated credit revenue to Public Safety by about $1.4 million and reducing revenue to the Transportation Fund by about $2.3 million beginning in FY 2014. Registration fees will increase by $1.75 per vehicle, generating about $1.3 million in revenue for the Transportation Fund Restricted - Public Safety Account and $2.5 million in revenue for the Transportation Fund beginning in FY 2014.
State Budget Detail Table | FY 2012 | FY 2013 | FY 2014 |
Revenue: | |||
Transportation Fund | $0 | $0 | $187,000 |
Transportation Fund Restricted | $0 | $0 | $1,322,000 |
Dedicated Credits | $0 | $0 | ($1,409,000) |
Total Revenue | $0 | $0 | $100,000 |
Expenditure: | |||
Transportation Fund Restricted | $0 | $0 | $1,322,000 |
Dedicated Credits | $0 | $0 | ($1,409,000) |
Total Expenditure | $0 | $0 | ($87,000) |
Net Impact, All Funds (Rev.-Exp.) | $0 | $0 | $187,000 |
Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $0 | $0 |
Local Governments (UCA 36-12-13(2)(c)):
Enacting 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)):
Enacting this bill will save certain individuals $17 per safety inspection, much of which would be a revenue reduction to safety inspection businesses.
Beginning in FY 2014, individuals will not pay a $2.00 inspection fee, saving a total amount of $3.7 million. Individuals will instead pay $1.75 per vehicle per year more in registration fees for a total cost of $3.8 million.
2/29/2012, 9:06:47 PM, Lead Analyst: Young, T./Attny: SCH | Office of the Legislative Fiscal Analyst |