Fiscal Note - State of Utah - 2012 General Session
HB0384S01 - Sales and Use Tax Seller Nexus Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may increase revenue to the General Fund by $5,600,000 in FY2013 and by $5,800,000 in FY2014. The Legislative General Counsel has attached a detailed Legislative Review Note to this bill. If provisions of the bill are challenged in court, there will be costs associated with defending those provisions.
| State Budget Detail Table | FY 2012 | FY 2013 | FY 2014 |
| Revenue: | |||
| General Fund | $0 | $5,800,000 | $5,800,000 |
| General Fund, One-Time | $0 | ($200,000) | $0 |
| Total Revenue | $0 | $5,600,000 | $5,800,000 |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $5,600,000 | $5,800,000 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $5,600,000 | $5,800,000 |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill could increase local revenue by $2,400,000 in FY2013 and by $2,500,000 in FY2014.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Individuals and businesses may pay cumulatively an additional $8,000,000 in sales tax in FY2013 and an additional $8,300,000 in FY2014. Individual amounts will be dependent upon taxable purchases made in a given year.
| 2/28/2012, 9:42:29 AM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |