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
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.