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Fiscal Note - State of Utah - 2012 General Session

SB0070 - Sales and Use Taxation of Short-term Lodging

State Government (UCA 36-12-13(2)(b)):
Enacting this bill will increase revenue owed to the General Fund by up to $2.02 million in FY 2013 and $2.17 million in FY 2014. Because of nexus problems, all of the tax liability may not be collectable. The bill may increase revenue to the General Fund by an estimated $400,000 in FY 2013 and $430,000 in FY 2014.

State Budget Detail TableFY 2012FY 2013FY 2014
General Fund$0$430,000$430,000
General Fund, One-Time$0($30,000)$0
   Total Revenue$0$400,000$430,000
Net Impact, All Funds (Rev.-Exp.)$0$400,000$430,000
   Net Impact, General/Education Funds (Rev.-Exp.)$0$400,000$430,000

Local Governments (UCA 36-12-13(2)(c)):
Local governments may see an increase in sales tax and transient room tax revenue of up to $1.92 million in FY 2013 and $2.06 million in FY 2014.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Businesses may see an increase of up to $3.94 million in FY 2013 and $4.23 million in FY 2014 in taxes required to be remitted to the State Tax Commission. Depending upon current practice and the way nexus and non-nexus businesses respond, individuals may see tax increases of up to the amount of the increased business tax liability.

2/15/2012, 10:29:31 AM, Lead Analyst: Young, T./Attny: RLROffice of the Legislative Fiscal Analyst