LD 1448
pg. 1
LD 1448 Title Page An Act To Clarify the Administration of State-municipal Revenue Sharing LD 1448 Title Page
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LR 1932
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 30-A MRSA §5681, sub-§5, as amended by PL 2001, c. 714, Pt.
Y, §1, is further amended to read:

 
5. Transfers to funds. On the last day of each month, the
Treasurer of State shall transfer to the Local Government Fund
a percentage, as provided in this subsection, of the receipts
from the taxes imposed under Title 36, Parts 3 and 8 and
credited to the General Fund without any reduction. Nonsalary
costs of administering state-municipal revenue sharing must be
paid by the Local Government Fund. Any amounts transferred to
the Local Government Fund in excess of the annual growth
ceiling must be transferred to the Disproportionate Tax Burden
Fund. The percentage transferred to the Local Government Fund
on the last day of each month is:

 
A. For months beginning before July 1, 2003, 5.1%; and

 
B. For months beginning on or after July 1, 2003, 5.2%.

 
SUMMARY

 
This bill clarifies that administrative costs of state-
municipal revenue sharing are paid by the Local Government
Fund.


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