Fiscal Note - State of Utah - 2012 General Session
SB0023 - Life Science and Technology Tax Credit Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill shifts $300,000 in Education Fund revenue loss from FY 2012 to FY 2013.
| State Budget Detail Table | FY 2012 | FY 2013 | FY 2014 |
| Revenue: | |||
| Education Fund, One-Time | $300,000 | ($300,000) | $0 |
| Total Revenue | $300,000 | ($300,000) | $0 |
| Expenditure | $0 | $0 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $300,000 | ($300,000) | $0 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $300,000 | ($300,000) | $0 |
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)):
In addition to certain other corporations, eligible pass-through entities would be eligible for their portion of $1,300,000 in tax credits previously authorized by the Legislature.
| 1/13/2012, 7:44:12 AM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |