128th MAINE LEGISLATURE
		LD 541		LR 1048(02)
	An Act Regarding the Commercial Forestry Excise Tax
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2017-18	FY 2018-19	Projections  FY 2019-20	Projections  FY 2020-21
Net Cost (Savings)
	General Fund		$2,500,000	$2,500,000	$2,500,000	$2,500,000
Revenue
	General Fund		($2,500,000)	($2,500,000)	($2,500,000)	($2,500,000)
Fiscal Detail and Notes
	This legislation repeals the commercial forestry excise tax and would result in an annual loss of General Fund revenue of $2,500,000 beginning in fiscal year 2017-18.  These amounts are based upon the December 2016 revenue forecast.