| 123rd MAINE LEGISLATURE | ||||||
| LD 1950 | LR 3204(01) | |||||
| An Act To Repeal the Premium Imposed on Motor Vehicle Oil Changes | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Schatz of Blue Hill | ||||||
| Committee: Natural Resources | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| Current biennium revenue decrease - Other Special Revenue Funds | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $0 | $16,200 | $0 | $0 | ||
| Appropriations/Allocations | ||||||
| General Fund | $0 | $16,200 | $0 | $0 | ||
| Fiscal Detail and Notes | ||||||
| Repealing the premium imposed on motor vehicle oil changes will reduce unbudgeted Other Special Revenue Funds within the Waste Motor Oil Fund. According to the State's accounting system, approximately $227,535 has been collected to-date. | ||||||
| Maine Revenue Services will require a one-time General Fund appropriation of $16,200 in fiscal year 2008-09 for the computer programming and retailer notification costs associated with the repeal of the premium imposed on motor vehicle oil changes. | ||||||
| The Governor's Proposed Supplemental Budget for fiscal year 2007-08 and fiscal year 2008-09 includes Other Special Revenue Funds allocations of $2,193,750 in fiscal year 2007-08 and $2,925,000 in fiscal year 2008-09 to the Waste Motor Oil Disposal Site Remediation Program within the Finance Authority of Maine to recognize revenues anticipated to be collected from the premium on motor vehicle oil changes. | ||||||
| If this legislation and the initiative within the Governor's Supplemental Budget are approved as proposed, this bill will require corresponding Other Special Revenue Funds deallocations to the Waste Motor Oil Disposal Site Remedication Program within FAME to offset the allocations in the Supplemental Budget. | ||||||