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127th MAINE LEGISLATURE |
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LD 1280 |
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LR 1572(18) |
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An Act To Provide
Income Tax Relief by Expanding Gaming Opportunities |
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Fiscal Note for
Senate Amendment " " to Committee Amendment "E" |
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Sponsor: Sen. Patrick of Oxford |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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Change to tribal revenue
Potential future biennium revenue increase - General Fund |
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| Fiscal Detail
and Notes |
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Current law
requires that revenue received by the Penobscot Nation or Passamaquoddy Tribe
from Oxford Casino or Hollywood Casino will instead be retained by the
casinos if either tribe begins to receive revenue from a slot machine
facility or casino other than Oxford Casino or Hollywood Casino. This
amendment repeals that provision and allows the tribes to continue receiving
revenue from Oxford Casino or Hollywood Casino if they begin to receive
additional revenue from other gaming facilities. This results in an estimated
annual revenue increase of $2,527,134 to the tribes. This amendment also
disallows certain tribes from receiving revenue from any Maine casino if that
tribe owns or operates their own casino, reducing revenue by an estimated
$276,679 for each tribe that does so. The amendment directs that revenue to
be deposited into the General Fund, rather than be retained by the casino. |
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