125th MAINE LEGISLATURE
LD 383 LR 1730(01)
An Act To Eliminate the Annual Indexing of Fuel Tax Rates
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Cebra of Naples
Committee: Transportation
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
FY 2011-12 FY 2012-13 Projections  FY 2013-14 Projections  FY 2014-15
Net Cost (Savings)
General Fund $4,470 $8,143 $14,612 $22,930
Highway Fund $3,762,185 $6,733,267 $12,089,217 $18,662,228
Revenue
General Fund ($4,470) ($8,143) ($14,612) ($22,930)
Highway Fund ($3,762,185) ($6,733,267) ($12,089,217) ($18,662,228)
Other Special Revenue Funds ($383,345) ($688,591) ($1,236,170) ($1,914,843)
Fiscal Detail and Notes
Repealing the inflation indexing of the motor fuel taxes effective July 1, 2011 will result in loss of revenue to the General Fund, Highway Fund and certain Other Special Revenue Funds.