124th MAINE LEGISLATURE
LD 1540 LR 2219(02)
An Act To Amend the Tax Laws
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
2009-10 2010-11 Projections 2011-12 Projections 2012-13
Net Cost (Savings)
General Fund $0 ($71,250) ($71,250) ($71,250)
Revenue
General Fund $0 $71,250 $71,250 $71,250
Other Special Revenue Funds $0 $3,750 $3,750 $3,750
Fiscal Detail and Notes
Imposing the sales and use tax on the sale of medical marijuana will result in increased revenue to the General Fund in the amount of $71,250 commencing fiscal year 2010-11.  Any additional costs associated with the administration of this bill can be absorbed by Maine Revenue Services within existing budgeted resources.