| 122nd MAINE LEGISLATURE | |||||||||
| LD 2048 | LR 3133(01) | ||||||||
| An Act To Strengthen Maine's Craft Brewers | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: President Edmonds 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 | $0 | $186,998 | $169,099 | $169,349 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $30,000 | $0 | $0 | |||||
| Revenue | |||||||||
| General Fund | $0 | ($156,998) | ($169,099) | ($169,349) | |||||
| Other Special Revenue | $0 | ($1,901) | ($2,162) | ($2,442) | |||||
| Fiscal Detail and Notes | |||||||||
| The establishment of a tax credit against certain alcohol excise taxes will result in the loss of an estimated $121,630 in budgeted General Fund revenue to be collected by the Department of Public Safety in fiscal year 2006-07. In addition the bill will reduce income tax by an estimated $37,269 in fiscal year 2006-07, resulting in an additional General Fund revenue loss of $35,368. Maine Revenue Services will also require a one-time General Fund appropriation of $30,000 for computer programming costs. | |||||||||