130th MAINE LEGISLATURE
		LD 1195		LR 800(01)
	An Act To Increase Funding to Qualifying Municipalities by Sharing Adult Use Marijuana Sales and Excise Tax Revenue
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Roberts of South Berwick
	Committee: Taxation
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2021-22	FY 2022-23	Projections  FY 2023-24	Projections  FY 2024-25
Net Cost (Savings)
	General Fund		$858,600	$1,553,200	$1,909,600	$2,321,000
Appropriations/Allocations
	General Fund		$5,000	$0	$0	$0
	Other Special Revenue Funds		$853,600	$1,553,200	$1,909,600	$2,321,000
Revenue
	General Fund		($853,600)	($1,553,200)	($1,909,600)	($2,321,000)
	Other Special Revenue Funds		$853,600	$1,553,200	$1,909,600	$2,321,000
Fiscal Detail and Notes
	This bill creates the Local Government Marijuana Revenue Fund (LGMF) within the Department of Administrative and Financial Services (DAFS) and directs 5% of the revenue from excise and sales taxes on marijuana and marijuana products be credited to the fund. The revenues from the fund will be proportionally distributed to municipalities who have authorized marijuana establishments by the excise and sales tax generated by each municipality. DAFS will require an Other Special Revenue Funds allocation of $970,000 in fiscal year 2021-22 and $1,765,000 in fiscal year 2022-23 to allow for the distribution of the amounts credited to the LGMF. Transferring sales and excise tax receipts to the LGMF will reduce revenue to the General Fund by $853,600 in fiscal year 2021-22 and $1,553,200 in fiscal year 2022-23. This change will also reduce transfers to the Adult Use Marijuana Public Health and Safety Fund by $116,400 in fiscal year 2021-22 and $211,800 in fiscal year 2022-23 and deallocations will be required to reflect that. DAFS will require a one-time General Fund appropriation of $5,000 in fiscal year 2021-22 for computer programming costs.