121st Maine Legislature
Office of Fiscal and Program Review
LD 345
An Act To Reinstate a Milk Handling Fee      
LR 0836(01)
Fiscal Note for Original Bill
Sponsor: Rep. Mills
Committee: Not Referred
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2002-03 2003-04 2004-05 2005-06 2006-07
Net Cost (Savings):
General Fund ($1,570,800) ($13,507,200) ($8,552,084) $0 $0
Appropriations/Allocations
General Fund $42,000 $0 $0 $0 $0
Revenue
General Fund $1,612,800 $13,507,200 $8,552,084 $0 $0
Fiscal Detail and Notes
The Milk Handling Tax is expected to increase General Fund revenue by $1,612,800 in fiscal year 2002-03, $13,507,200 in fiscal year 2003-04 and $8,552,084 in fiscal year 2004-05, based on an April 1, 2003 effective date.  This bill also includes a General Fund appropriation of $10,000 in fiscal year 2002-03 for Maine Revenue Services to cover the initial cost of administering the tax. The estimated cost associated with reprogramming the computer system is $42,000.