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130th MAINE LEGISLATURE |
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LD 1890 |
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LR 2393(02) |
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An Act To Create
a Rental Fleet Registration Program and Equalize the Tax Rate Imposed on
Rental Vehicles |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
($138,937) |
($42,750) |
$4,750 |
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| Revenue |
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General Fund |
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$0 |
$138,937 |
$42,750 |
($4,750) |
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Other Special Revenue Funds |
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$0 |
$7,313 |
$152,250 |
$199,750 |
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| Fiscal Detail
and Notes |
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The bill would
result in an increase in General Fund revenue of $138,937 and an increase in
Local Government Fund revenue of $7,313 in fiscal year 2022-23. Additionally, in the next biennium the
Multimodal Transportation Fund within the Department of Transportation will
increase by $142,500 in fiscal year 2023-24 and $190,000 in fiscal year
2024-25 for increases in vehicle rental sales tax. |
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