| 124th MAINE LEGISLATURE | ||||||
| LD 588 | LR 1294(01) | |||||
| An Act To Amend the Excise Tax on Motor Vehicles To Reflect Depreciation | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Rep. Pilon of Saco | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: No | ||||||
| Preliminary Fiscal Impact Statement | ||||||
| Minor cost increase - General Fund Minor revenue increase - General Fund |
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| Fiscal Detail and Notes | ||||||
| It is estimated that excise tax would decrease in years 1 and 6, with a slight increase in years 2-5. Overall, there would be a minor increase in General Fund revenues not requiring any change to the budget. Additional costs to the Secretary of State can be absorbed within existing budgeted resources. | ||||||