124th MAINE LEGISLATURE
		LD 1341		LR 1633(02)
	An Act To Reform Maine's Motor Fuel Tax Laws
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Transportation
	Fiscal Note Required: Yes
Fiscal Note
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
Net Cost (Savings)
	General Fund		$59,409	($55,205)	($80,147)	($106,602)
	Highway Fund		$39,675,902	($36,868,385)	($53,525,897)	($71,193,501)
Revenue
	General Fund		($59,409)	$55,205	$80,147	$106,602
	Highway Fund		($39,675,902)	$36,868,385	$53,525,897	$71,193,501
	Other Special Revenue Funds		($17,563,289)	$16,336,409	$22,943,955	$30,139,897
Fiscal Detail and Notes
	This bill reduces the gasoline and special fuel tax rates to $.21 per gallon in fiscal year 2010, which would reduce General Fund revenue by $59,409,  Highway Fund revenue by $39,675,902 and Other Special Revenue Fund revenue by $17,563,289.  The bill adds a price-based component to the tax rates that would increase the gasoline tax rate to $.358 per gallon and the special fuel tax rate to $.385 per gallon on July 1, 2010.  General Fund revenue would increase by $55,205, Highway Fund revenue by $36,868,385 and Other Special Revenue Fund revenue by $16,336,409 in FY 2011.  The fiscal note assumes that the tax rates would increase by the maximum 10% per year after the initial determination year and that the rates in effect on July 1, 2012 would be $.433 per gallon for gasoline and $.466 per gallon for special fuel.