Fiscal Note - State of Utah - 2012 General Session

SB0059 - Income Tax Contribution for Elementary Schools

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may increase revenue to elementary schools by an anticipated $30,000 annually.

State Budget Detail TableFY 2012FY 2013FY 2014
Revenue:   
Restricted Funds$0$30,000$30,000
   Total Revenue$0$30,000$30,000
    
Expenditure$0$0$0
    
Net Impact, All Funds (Rev.-Exp.)$0$30,000$30,000
   Net Impact, General/Education Funds (Rev.-Exp.)$0$0$0

Local Governments (UCA 36-12-13(2)(c)):
Elementary schools may see increased contributions from individual income tax filers of an anticipated $30,000 per year.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill allows individual income tax filers to contribute to elementary schools on their individual income tax return. The total expected contribution amount is $30,000 annually.

2/9/2012, 11:40:55 AM, Lead Analyst: Young, T./Attny: RLROffice of the Legislative Fiscal Analyst