128th MAINE LEGISLATURE
		LD 116		LR 119(01)
	An Act To Increase Funding for Multimodal Transportation
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Golden of Lewiston
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2017-18	FY 2018-19	Projections  FY 2019-20	Projections  FY 2020-21
Net Cost (Savings)
	General Fund		($2,073,288)	($2,062,312)	($120,400)	($123,500)
Appropriations/Allocations
	Other Special Revenue Funds		$0	$2,073,288	$4,135,600	$4,256,000
Revenue
	General Fund		$2,073,288	$2,062,312	$120,400	$123,500
	Other Special Revenue Funds		$42,312	$2,157,688	$4,359,600	$4,486,500
Fiscal Detail and Notes
	This legislation increases the short-term auto rental sales tax rate from 10% to 15% and would result in an increase in General Fund revenue of $2,073,288 in fiscal year 2017-18 and $2,062,312 in fiscal year 2018-19 and an increase in Local Government Fund revenue of $42,312 in fiscal year 2017-18 and $84,400 in fiscal year 2018-19.  Under current law the General Fund revenue collected in one year is transferred the following year to the Multimodal Transportation Fund. Therefore, Other Special Revenue Funds revenue to the Department of Transportation would increase by $2,073,288 in fiscal year 2018-19.  The Department of Transportation would require an Other Special Revenue Funds allocation of $2,073,288 in fiscal year 2018-19.