123rd MAINE LEGISLATURE
LD 460 LR 1035(01)
An Act To Amend the Municipal Excise Tax Reimbursement Fund Law
Fiscal Note for Original Bill
Sponsor: Rep. Fisher of Brewer
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
Highway Fund ($67,500) ($89,600) ($89,600) ($89,600)
Revenue
Highway Fund $67,500 $89,600 $89,600 $89,600
Fiscal Detail and Notes
Limiting which vehicles are subject to excise tax reimbursement will increase revenue transferred to the Highway Fund from the Municipal Excise Tax Reimbursement Fund; the estimated amounts are $67,500 in fiscal year 2007-08 and $89,600 in each fiscal year thereafter.