Fiscal Note - State of Utah - 2014 General Session

HB0209 - Extension of Sales and Use Tax Exemption

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could decrease the General Fund by $206,000 annually as the credit is extended into FY 2015 and on.

State Budget Detail TableFY 2014FY 2015FY 2016
General Fund$0($206,000)($206,000)
   Total Revenue$0($206,000)($206,000)
Net Impact, All Funds (Rev.-Exp.)$0($206,000)($206,000)
   Net Impact, General/Education Funds (Rev.-Exp.)$0($206,000)($206,000)

Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill could reduce local revenues by $92,000 annually.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill would allow eligible businesses to continue to receive a sales tax exemption for certain parts and equipment purchases.

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

2/7/2014, 10:43:57 AM, Lead Analyst: Wilko, A./Attny: RLROffice of the Legislative Fiscal Analyst