Fiscal Note - State of Utah - 2014 General Session

HB0434 - Local Sales and Use Tax Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could cost the Tax Commission $307,200 from the General Fund to implement programming changes.

State Budget Detail TableFY 2014FY 2015FY 2016
General Fund, One-Time$0$307,200$307,200
General Fund, One-Time$0($307,200)$0
   Total Expenditure$0$0$307,200
Net Impact, All Funds (Rev.-Exp.)$0$0($307,200)
   Net Impact, General/Education Funds (Rev.-Exp.)$0$0($307,200)

Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill could shift sales tax allocations between local entities due to the changes in the allocation formula.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill likely will not result in direct, measurable expenditures by Utah residents or businesses.

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

3/5/2014, 7:58:31 AM, Lead Analyst: Wilko, A./Attny: RLROffice of the Legislative Fiscal Analyst