125th MAINE LEGISLATURE
LD 1324 LR 472(01)
An Act To Create Consistency and Fairness in Maine's Bottle Bill
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Prescott of Topsham
Committee: Environment and Natural Resources
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
FY 2011-12 FY 2012-13 Projections  FY 2013-14 Projections  FY 2014-15
Revenue
Other Special Revenue Funds ($44,516) ($44,516) ($44,516) $39,016
Fiscal Detail and Notes
This legislation removes containers larger than 28 ounces from the bottle bill and establishes a uniform deposit of 5¢ for all containers.  These provisions will result in an Other Special Revenue Funds loss of revenue to the Department of Agriculture, Food and Rural Resources of $44,516 beginning in fiscal year 2011-12 for reduced registrations and renewals of beverage container labels.
There will also be a reduction in General Fund revenues related to reduced unclaimed deposits.  An estimate of this reduction has not been made at this time.