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Fiscal NoteS.B. 221 2nd Sub. (Salmon) 2022 General Session Water Related Sales and Use Tax Amendments by Hinkins, D (Hinkins, David.) |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/EF/USF (rev.-exp.) | $0 | $0 | $0 |
| Revenues | FY 2022 | FY 2023 | FY 2024 |
| Dedicated Credits Revenue | $0 | $(4,300,000) | $(4,300,000) |
| New Account Created By Bill (FN Only) | $0 | $4,300,000 | $4,300,000 |
| Total Revenues | $0 | $0 | $0 |
Enactment of this legislation creates the Water Rights Restricted Account where a portion of the funding for the Division of Water Rights would be deposited instead of going directly to the division as Dedicated Credits. The estimated amount for FY 2023 is $4,300,000 ongoing.
| Expenditures | FY 2022 | FY 2023 | FY 2024 |
| Designated Sales Tax | $0 | $(4,300,000) | $(4,300,000) |
| New Account Created By Bill (FN Only) | $0 | $4,300,000 | $4,300,000 |
| Total Expenditures | $0 | $0 | $0 |
Enactment of this legislation appropriates to the Division of Water Rights the following ongoing amounts for FY 2023: $4,300,000 from the Water Rights Restricted Account and ($4,300,000) from Designated Sales and Use Tax.
| FY 2022 | FY 2023 | FY 2024 | |
| Net All Funds (rev-exp) | $0 | $0 | $0 |
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Enactment of this legislation likely will not result in direct expenditures from tax or fee changes for Utah residents and businesses.