123rd MAINE LEGISLATURE
LD 2222 LR 3483(02)
Resolve, To Assist Maine's Forest Products Industry
Fiscal Note for Bill as Amended by Committee Amendment "     "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund $474,500 ($474,500) $0 $0
Revenue
General Fund ($474,500) $474,500 $0 $0
Other Special Revenue Funds ($25,500) $25,500 $0 $0
Fiscal Detail and Notes
Changing the timing of the Business Equipment Tax Reimbursement period for certain persons engaged in the forestry or logging industry will reduce General Fund revenue by $474,500 in fiscal year 2007-08 and increase General Fund revenue by $474,500 in fiscal year 2008-09.