128th MAINE LEGISLATURE
		LD 707		LR 1685(01)
	An Act To Base the Motor Vehicle Excise Tax on the Purchase Price of the Motor Vehicle
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Ordway of Standish
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Current biennium revenue decrease - Municipalities Minor revenue decrease - General Fund
Fiscal Detail and Notes
	This bill proposes to change the method of calculating motor vehicle excise tax to base it on the purchase price rather than the maker's list price.  The Maine Municipal Association has estimated that revenues collected by municipalities would be reduced by $20 million annually.
	General Fund revenue would be reduced by a minor amount for nonresidents who register their vehicles in Maine and pay excise tax to the state.  No change to the budget is required.