123rd MAINE LEGISLATURE
		LD 2225		LR 3486(02)
	An Act To Provide Tax Relief to 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		($407)	($254)	$13,594	$0
Appropriations/Allocations
	General Fund		$7,000	$0	$0	$0
Revenue
	General Fund		($167,593)	($124,746)	($13,594)	$0
	Other Special Revenue Funds		($9,007)	($6,704)	($746)	$0
Transfers
	General Fund		$175,000	$125,000	$0	$0
Fiscal Detail and Notes
	The General Fund revenue loss associated with the sales tax refund for parts and supplies for use in the repair and maintenance of motor vehicles and trailers that are used directly and primarily in the harvest related transport of forest products is estimated to be $167,593 in fiscal year 2007-08 and $124,746 in fiscal year 2008-09.  This bill also includes a one-time General Fund appropriation of $7,000 in fiscal year 2007-08 for Maine Revenue Services for the administrative costs associated with this refund.
	This legislation also authorizes the Governor to transfer by financial order $175,000 by May 1, 2008 and $125,000 by July 1, 2008 from the emergency portion of the State Contingent account to the unappropriated surplus of the General Fund.  There is a sufficient balance in the State Contingent account to cover the proposed transfer.