Fiscal Note - State of Utah - 2012 General Session

SB0112S01 - Multi-channel Video or Audio Service Tax Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill reduces revenue to the General Fund by $1,989,000 in FY 2013 and $2,048,600 in FY 2014.

State Budget Detail TableFY 2012FY 2013FY 2014
General Fund$0($2,048,600)($2,048,600)
General Fund, One-Time$0$59,600$0
   Total Revenue$0($1,989,000)($2,048,600)
Net Impact, All Funds (Rev.-Exp.)$0($1,989,000)($2,048,600)
   Net Impact, General/Education Funds (Rev.-Exp.)$0($1,989,000)($2,048,600)

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 allows multi-channel video or audio service businesses a 65% nonrefundable tax credit for franchise fees paid to local governments, amounting to $1,989,000 in FY 2013 and $2,048,600 in FY 2014.

2/15/2012, 10:42:32 AM, Lead Analyst: Young, T./Attny: RLROffice of the Legislative Fiscal Analyst