| 122nd MAINE LEGISLATURE | |||||||||
| LD 1019 | LR 1280(01) | ||||||||
| An Act To Increase the Tax Imposed on Lodging | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Pilon of Saco | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $242,359 | $1,000,477 | $1,041,832 | $1,122,739 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $70,422 | $69,606 | $73,497 | $77,616 | |||||
| Revenue | |||||||||
| General Fund | ($171,937) | ($930,871) | ($968,335) | ($1,045,123) | |||||
| Other Special Revenue Funds | $3,627,037 | $19,700,871 | $21,158,335 | $22,755,123 | |||||
| Fiscal Detail and Notes | |||||||||
| This bill is expected to decrease General Fund revenue by $171,937 in fiscal year 2005-06 and $930,871 in fiscal year 2006-07 as a result of the increase in the lodging tax and changes in the distribution of revenue. Maine Revenue Services will also require a General Fund appropriation of $70,422 in fiscal year 2005-06 and $69,606 in fiscal year 2006-07 for the administrative costs associated with this bill. | |||||||||