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128th MAINE LEGISLATURE |
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LD 1106 |
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LR 1185(01) |
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RESOLUTION,
Proposing an Amendment to the Constitution of Maine To Dedicate All Sales
Taxes from All Vehicle Sales and Any Vehicle-related Sales to the Highway
Fund for Roads and Bridge Capital Improvements |
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Preliminary Fiscal
Impact Statement for Original Bill |
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Sponsor: Rep. Parry of Arundel |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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Potential current biennium revenue decrease - General Fund
Potential current biennium revenue increase - Highway Fund |
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| Referendum Costs |
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Month/Year |
Election Type |
Question |
Length |
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Nov-17 |
General |
Referendum |
Standard |
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The Secretary of
State's budget includes sufficient funds to accommodate one ballot of average
length for the general election in November.
If the number or size of the referendum questions requires production
and delivery of a second ballot, an additional appropriation of $107,250 may
be required. |
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| Fiscal Detail
and Notes |
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If this
legislation is passed by the voters in the November 2018 general election it
would increase Highway Fund revenue and decrease General Fund revenue by an
estimated $230 million annually. |
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