Fiscal Note - State of Utah - 2012 General Session
SB0285 - Education Contribution on Tax Returns
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill creates the "Invest More for Education" Account; total expected contributions are anticipated at $30,000 annually.
|State Budget Detail Table||FY 2012||FY 2013||FY 2014|
|Uniform School Fund Restricted||$0||$30,000||$30,000|
|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)):
Depending upon legislative appropriation and individual income tax filer contributions, enactment of this bill may increase revenue to school districts and/or charter schools by 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 the newly created "Invest More for Education" Account. The total expected contribution amount is $30,000 annually.
|2/28/2012, 11:14:08 AM, Lead Analyst: Young, T./Attny: RLR||Office of the Legislative Fiscal Analyst|