122nd MAINE LEGISLATURE
LD 698 LR 0764(02)
An Act To Provide for the Temporary Suspension of the Tax on Motor Fuel
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Transportation
Fiscal Note Required: Yes
   
             
Fiscal Note
Undetermined current biennium revenue decrease - Highway Fund
Undetermined current biennium revenue decrease - General Fund
Undetermined current biennium cost increase - General Fund
Fiscal Detail and Notes
The loss of Highway Fund and General Fund revenue from the suspension and capping of taxes on certain fuels can not be estimated at this time because the future prices of fuels can not be predicted with any certainty.  The additional costs associated with administration of this legislation, including taxpayer education, notification and reporting requirements, are expected to be significant and would require additional General Fund appropriations to Maine Revenue Services.