127th MAINE LEGISLATURE
		LD 1606		LR 2716(10)
	An Act To Provide Funding to the Maine Budget Stabilization Fund
	Fiscal Note for Senate Amendment " " to Committee Amendment "A"
	Sponsor: Sen. Saviello of Franklin
	Fiscal Note Required: Yes
Fiscal Note
			FY 2015-16	FY 2016-17	Projections  FY 2017-18	Projections  FY 2018-19
Net Cost (Savings)
	General Fund		($1,713,285)	$1,713,285	$1,913,168	$2,003,116
Revenue
	General Fund		$0	($1,713,285)	($1,913,168)	($2,003,116)
	Other Special Revenue Funds		$0	($34,965)	($40,793)	($42,832)
Transfers
	General Fund		$1,713,285	$0	$0	$0
Fiscal Detail and Notes
	This amendment adds certain sales to the definition of casual sales which are not subject to the sales tax and would result in a loss of General Fund revenue of $1,713,285 in fiscal year 2016-17 and a loss of Local Government Fund revenue of $34,965 in fiscal year 2016-17.
	The amendment also reduces the transfer to the Maine Budget Stabilization Fund by $1,713,285 in fiscal year 2015-16 to fund the revenue loss in fiscal year 2016-17 only.