LD 220 LR 1970(21)
An Act To Make Supplemental Appropriations and Allocations for the Expenditures of State Government and To Change Certain Provisions of the Law Necessary to the Proper Operations of State Government for the Fiscal Year Ending June 30, 2021
Fiscal Note for House Amendment " " to Committee Amendment "A"
Sponsor: Rep. Pierce of Falmouth
Fiscal Note Required: Yes
Fiscal Note
FY 2020-21 FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $8,000,000 $0 $0 $0 $0
General Fund ($8,000,000) $0 $0 $0 $0
Fiscal Detail and Notes
This amendment requires the transfer of $8,000,000 in fiscal year 2020-21 from the unappropriated surplus of the General Fund to the Maine Budget Stabilization Fund.  Any additional costs to the Department of Administrative and Financial Services associated with performing the study of the foreign-derived intangible income deduction and reporting the results can be absorbed within available budgeted resources.