Fiscal Note - State of Utah - 2012 General Session

SB0062 - Cigarette Tax Restricted Account Revisions

State Government (UCA 36-12-13(2)(b)):
The bill reduces deposits to the General Fund by $2,896,300 in FY2012 and $1,775,200 ongoing in FY2013. This bill increases appropriations from the Cigarette Tax Restricted Account annually by $533,800 beginning in FY2012. The increases include $18,300 to the to the Department of Health for tobacco prevention, reduction, cessation, and control programs, $300,700 for medical education at the University of Utah School of Medicine, and $214,800 to the University of Utah Health Sciences Center for the Huntsman Cancer Institute for cancer research. Additionally, this bill addresses projected shortfalls in the Cigarette Tax Restricted Account in FY2012 of $2,362,500 and $1,241,400 ongoing beginning in FY2013.

State Budget Detail TableFY 2012FY 2013FY 2014
General Fund$0($1,775,200)($1,775,200)
General Fund, One-Time($2,896,300)$0$0
   Total Revenue($2,896,300)($1,775,200)($1,775,200)
Restricted Funds$533,800$533,800$533,800
   Total Expenditure$533,800$533,800$533,800
Net Impact, All Funds (Rev.-Exp.)($3,430,100)($2,309,000)($2,309,000)
   Net Impact, General/Education Funds (Rev.-Exp.)($2,896,300)($1,775,200)($1,775,200)

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.

2/7/2012, 5:30:30 PM, Lead Analyst: Frandsen, R./Attny: RLROffice of the Legislative Fiscal Analyst