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130th MAINE LEGISLATURE |
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LD 1937 |
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LR 2484(04) |
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An Act To Clarify
the Exemption from Income Tax and Withholding Tax Liability for Certain
Out-of-state Suppliers of Spirits Purchased by the Bureau of Alcoholic
Beverages and Lottery Operations |
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Fiscal Note for
Senate Amendment " " to Committee Amendment "A" |
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Sponsor: Sen. Breen of Cumberland |
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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 |
($365,750) |
$0 |
$0 |
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| Transfers |
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General Fund |
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$0 |
$365,750 |
$0 |
$0 |
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Other Special Revenue Funds |
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$0 |
($365,750) |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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This amendment
adds a one-time transfer from the Liquor Operation Revenue Fund within the
Maine Municipal Bond Bank to the unappropriated surplus of the General Fund
of $365,750 in fiscal year 2022-23. This transfer will offset the General
Fund revenue loss in fiscal year 2022-23.
The Liquor Operation Revenue Fund currently has sufficient funding to
accommodate the one-time transfer. |
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