LD 1216 LR 494(03)
An Act To Amend the State Tax Laws
Fiscal Note for Bill as Engrossed with:
C "A" (H-269)
Committee: Taxation
Fiscal Note
Minor revenue impact - General Fund
Minor cost increase - General Fund
Fiscal Detail and Notes
The bill eliminates a current law transfer from the Medical Use of Marijuana Fund to the General Fund. While this transfer has been made by the State Controller as recently as fiscal year 2019-20, the transfer was not reflected in the most recent General Fund revenue forecast of the Revenue Forecasting Committee and therefore eliminating the transfer would have no fiscal impact on the General Fund revenue budget for fiscal year 2021-22 and for subsequent fiscal years.
Additional costs to the Department of Education, the University of Maine System, the Maine Community College System and Maine Maritime Academy to implement the requirements of this legislation can be absorbed within existing budgeted resources.