| 123rd MAINE LEGISLATURE | ||||||
| LD 847 | LR 2321(02) | |||||
| An Act To Support the Commercial Groundfish Industry | ||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | ||||||
| Committee: Marine Resources | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $3,022,970 | $3,477,429 | $4,220,379 | $0 | ||
| Appropriations/Allocations | ||||||
| General Fund | $2,800,000 | $3,250,000 | $4,000,000 | $0 | ||
| Revenue | ||||||
| General Fund | ($222,970) | ($227,429) | ($220,379) | $0 | ||
| Other Special Revenue Funds | ($12,230) | ($12,475) | ($12,088) | $0 | ||
| Fiscal Detail and Notes | ||||||
| Exempting from the sales tax certain fuel used in commercial groundfishing will reduce General Fund revenue by an estimated $222,970 in fiscal year 2007-08 and $227,429 in fiscal year 2008-09. In addition, the bill includes General Fund appropriations of $2,800,000 and $3,250,000 in fiscal years 2007-08 and 2008-09, respectively, to the Department of Marine Resources to provide rebates to certain commercial groundfish vessels. | ||||||