| 122nd MAINE LEGISLATURE | |||||||||
| LD 169 | LR 0044(02) | ||||||||
| An Act To Amend the Law Regarding Resale Certificates | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Majority Report | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $45,333 | $92,282 | $95,973 | $99,812 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $4,000 | $0 | $0 | $0 | |||||
| Revenue | |||||||||
| General Fund | ($41,333) | ($92,282) | ($95,973) | ($99,812) | |||||
| Other Special Revenue Funds | ($2,267) | ($5,062) | ($5,264) | ($5,475) | |||||
| Fiscal Detail and Notes | |||||||||
| The change in the issuance of resale certificates will result in a General Fund revenue loss of $41,333 in fiscal year 2005-06 and $92,282 in fiscal year 2006-07. This bill also includes a one-time General Fund appropriation of $4,000 in fiscal year 2005-06 for Maine Revenue Services for the additional printing and mailing costs associated with these changes. | |||||||||