General, Education, and Uniform School FundsJR4-5-101

	Ongoing	One-time	Total
Net GF/EF/USF (rev.-exp.)	$(1,407,300)	$1,273,100	$(134,200)

State GovernmentUCA36-12-13(2)(b)

Enactment of this bill may increase earmarked sales tax revenue by $14,056,000 in FY 2018 and $43,467,000 annually thereafter.

Revenues	FY 2017	FY 2018	FY 2019
Designated Sales Tax	$0	$14,056,000	$43,467,000
Total Revenues	$0	$14,056,000	$43,467,000

Enactment of this bill may cost the Tax Commission $134,200 in FY 2018 and $1,407,300 annually beginning in FY 2019 for additional auditing staff and updates to systems, forms, instructions, and training.

Expenditures	FY 2017	FY 2018	FY 2019
General Fund	$0	$1,407,300	$1,407,300
General Fund, One-Time	$0	$(1,273,100)	$0
Total Expenditures	$0	$134,200	$1,407,300

Net All Funds (rev-exp)

$13,921,800

$42,059,700

Local GovernmentUCA36-12-13(2)(c)

Enactment of this bill does not affect local government sales tax revenue because it exempts the newly taxed services from local sales tax.

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

Enactment of this bill imposes a new sales tax on services and lowers the overall sales tax rate. For an individual or businesses making $100,000 in non-service sales tax purchases, the bill reduces the tax liability by $1,320 annually. For an individual or business making $100,000 in service purchases, the bill increases the sales tax liability by $3,380.

Performance NoteJR4-2-404

No performance note required for this bill

Fiscal Note