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125th MAINE LEGISLATURE |
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LD 1340 |
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LR 2061(01) |
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Resolve, To
Suspend Fuel Tax Rate Adjustments for the 2012-2013 Biennium |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Cebra of Naples |
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Committee: Transportation |
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Fiscal Note Required: Yes |
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Preliminary
Fiscal Impact Statement |
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FY 2011-12 |
FY 2012-13 |
Projections FY 2013-14 |
Projections FY 2014-15 |
Net Cost
(Savings) |
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General Fund |
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$4,470 |
$8,143 |
$8,211 |
$9,169 |
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Highway Fund |
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$3,762,185 |
$6,733,267 |
$6,778,361 |
$7,409,437 |
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Revenue |
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General Fund |
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($4,470) |
($8,143) |
($8,211) |
($9,169) |
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Highway Fund |
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($3,762,185) |
($6,733,267) |
($6,778,361) |
($7,409,437) |
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Other Special Revenue Funds |
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($383,345) |
($688,591) |
($693,429) |
($761,393) |
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Fiscal Detail
and Notes |
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Suspending
inflation indexing of motor fuel and distillate taxes from July 1, 2011
through June 30, 2013 will reduce revenues to the General Fund, the Highway
Fund and various other funds. This
bill also causes revenue reductions in the next biennium since the tax rates
imposed then will be lower than they would have been if indexing had not been
suspended. |
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