| 122nd MAINE LEGISLATURE | |||||||||
| LD 1379 | LR 1948(18) | ||||||||
| An Act To Amend the Maine Wind Energy Act | |||||||||
| Fiscal Note for Senate Amendment " " to Senate Amendment "A" | |||||||||
| Sponsor: Sen. Rotundo | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Delays revenue loss - General Fund | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $0 | $94,800 | $94,800 | |||||
| Revenue | |||||||||
| General Fund | $0 | $0 | ($94,800) | ($94,800) | |||||
| Other Special Revenue Funds | $0 | $0 | ($5,200) | ($5,200) | |||||
| Fiscal Detail and Notes | |||||||||
| This amendment delays the sales tax benefits until October 1, 2006 and repeals the income credit on December 31, 2007. It is estimated that one project of approximately 10 megawatts could reduce sales tax revenue by $100,000. The 10 megawatt limit is per each site so it is possible that one project could be in multiple locations and not be limited in size. The fiscal note assumes one 10 megawatt project undertaken within the limited time frame available. | |||||||||