LD 1528 LR 2276(01)
An Act To Amend the Laws Regarding Motor Vehicle Fees
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Diamond of Cumberland
Committee: Transportation
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2019-20 FY 2020-21 Projections  FY 2021-22 Projections  FY 2022-23
Net Cost (Savings)
Highway Fund $0 ($13,920) ($13,920) ($13,920)
Highway Fund $0 $13,920 $13,920 $13,920
Fiscal Detail and Notes
This bill increases several motor vehicle fees and reduces the driver's license fee for people 65 years old and older and would result in a net increase in Highway Fund revenue of $13,920 beginning in fiscal year 2020-21.