Representatives Seal

Fiscal Note

S.B. 65

2016 General Session

Sales and Use Tax Reporting Requirements

by Harper, W

Senate Seal
General, Education, and Uniform School FundsJR4-5-101
OngoingOne-timeTotal
Net GF/EF/USF (rev.-exp.)$0$0$0
State GovernmentUCA36-12-13(2)(b)

Enactment of this legislation likely will not materially impact state revenue.

RevenuesFY 2016FY 2017FY 2018
Total Revenues $0 $0 $0

Depending upon the response of selling platforms, this bill may cost the Tax Commission $0.50 per notice per quarter. How many and in what way selling platforms might respond is unknown.

ExpendituresFY 2016FY 2017FY 2018
Total Expenditures $0 $0 $0
Net All Funds (rev-exp) $0 $0 $0
Local GovernmentUCA36-12-13(2)(c)

Enactment of this legislation likely will not result in direct, measurable costs for local governments.

Individuals & BusinessesUCA36-12-13(2)(d)

Selling platforms may see costs associated with complying with the new reporting requirements. Presuming the administrative costs of selling platforms are similar to companies that currently collect sales tax, this bill may increase business costs by $2.5 million.

Performance NoteJR4-2-404

No performance note required for this bill

Notes on Notes

Fiscal notes estimate the direct costs or revenues of enacting a bill. The Legislature uses them to balance the budget. They do not measure a bill's benefits or non-fiscal impacts like opportunity costs, wait times, or inconvenience. A fiscal note is not an appropriation. The Legislature decides appropriations separately.

2016/01/16 08:50, Lead Analyst: Thomas E. Young./Attorney: AVA