Fiscal Note - State of Utah - 2013 General Session

HB0372S02 - Cigarette, Tobacco, and Nicotine Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may increase revenue to the General Fund by $280,200 in FY 2014 and $286,400 in FY 2015.

State Budget Detail TableFY 2013FY 2014FY 2015
General Fund$0$286,400$286,400
General Fund, One-Time$0($6,200)$0
   Total Revenue$0$280,200$286,400
Net Impact, All Funds (Rev.-Exp.)$0$280,200$286,400
   Net Impact, General/Education Funds (Rev.-Exp.)$0$280,200$286,400

Local Governments (UCA 36-12-13(2)(c)):
Local governments may see an increase in sales tax and fine revenue of $6,400 in FY 2014 and FY 2015.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill imposes tobacco tax and fines on consumers and providers of certain nicotine products, which represents an increase in the tobacco tax, sales tax, and fine burden of about $286,600 in FY 2014 and $292,800 in FY 2015.

Performance Note Required? (Joint Rule 4-2-404): No

3/12/2013, 7:35:12 PM, Lead Analyst: Young, T./Attny: RLROffice of the Legislative Fiscal Analyst