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. | |||||||