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131st MAINE LEGISLATURE |
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LD 1063 |
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LR 242(04) |
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An Act to Provide
Equitable Tax Treatment to State-licensed Cannabis Businesses |
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Fiscal Note for
Senate Amendment " " to Committee Amendment "A" |
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Sponsor: Sen. Rotundo of Androscoggin |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
| Net Cost
(Savings) |
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General Fund |
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$1,530,000 |
$1,340,000 |
$1,077,849 |
$897,772 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$0 |
($128,147) |
($132,604) |
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| Transfers |
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General Fund |
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($1,530,000) |
($1,340,000) |
($1,205,996) |
($1,030,376) |
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Other Special Revenue Funds |
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$1,530,000 |
$1,340,000 |
$1,205,996 |
$1,030,376 |
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| Fiscal Detail
and Notes |
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This amendment
removes transfers from the Adult Use Cannabis Public Health and Safety
Municipal Opt-in Fund to the General Fund to fund the income tax deduction
for business expenses of registered caregivers and registered dispensaries
under the Maine Medical Use of Cannabis Act. The amendment also changes the
Senior Tax Examiner position from a permanent position to a limited-period
position through June 7, 2025. |
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