| 122nd MAINE LEGISLATURE | |||||||||
| LD 533 | LR 1244(01) | ||||||||
| An Act To Tax Gambling Winnings of Nonresidents | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Sen. Strimling of Cumberland | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | ($13,130) | ($79,307) | ($175,594) | ($345,107) | |||||
| Revenue | |||||||||
| General Fund | $13,130 | $79,307 | $175,594 | $345,107 | |||||
| Other Special Revenue Funds | $720 | $4,350 | $9,632 | $18,930 | |||||
| Fiscal Detail and Notes | |||||||||
| This bill is expected to increase General Fund revenue by $13,130 in fiscal year 2005-06 and $79,307 in fiscal year 2006-07 as a result of imposing a tax on nonresident gambling winnings. | |||||||||