123rd MAINE LEGISLATURE
LD 1570 LR 1934(01)
An Act To Support Commercial Groundfishing
Fiscal Note for Original Bill
Sponsor: Rep. Rector of Thomaston
Committee: Marine Resources
Fiscal Note Required: Yes
             
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund $222,970 $227,429 $231,977 $236,617
Revenue
General Fund ($222,970) ($227,429) ($231,977) ($236,617)
Other Special Revenue Funds ($12,230) ($12,475) ($12,725) ($12,979)
Fiscal Detail and Notes
Exempting from the sales tax diesel fuel used in commercial groundfishing will reduce General Fund revenue by an estimated $222,970 in fiscal year 2007-08 and $227,429 in fiscal year 2008-09.