125th MAINE LEGISLATURE | ||||||
LD 1418 | LR 1267(09) | |||||
An Act To Allow Table Games at a Facility Licensed To Operate Slot Machines on January 1, 2011 | ||||||
Fiscal Note for Senate Amendment " " to Committee Amendment "A" | ||||||
Sponsor: Sen. Patrick of Oxford | ||||||
Fiscal Note Required: Yes | ||||||
Fiscal Note | ||||||
Contingent current biennium revenue decrease - General
Fund Contingent current biennium revenue increase - Other Special Revenue Funds |
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Fiscal Detail and Notes | ||||||
This amendment proposes to reduce the amount of net table game income from the Bangor facility distributed to the General Fund from 9% to 8%, reduce the amount distributed to the municipality from 2% to 1% and distribute 2% to a federally recognized Indian tribe. While the total tax remains at 16% of net table game income, the estimated annual net effect would be a reduction of $53,120 in the General Fund revenue shown on the committee amendment, a reduction of $53,120 to the municipality and a payment of $106,240 to the Indian tribe. The payment from the Bangor facility is contingent upon municipal approval of table games. | ||||||