LD 1063 LR 242(04)
An Act to Provide Equitable Tax Treatment to State-licensed Cannabis Businesses
Fiscal Note for Senate Amendment " " to Committee Amendment "A"
Sponsor: Sen. Rotundo of Androscoggin
Fiscal Note Required: Yes
Fiscal Note
FY 2023-24 FY 2024-25 Projections  FY 2025-26 Projections  FY 2026-27
Net Cost (Savings)
General Fund $1,530,000 $1,340,000 $1,077,849 $897,772
General Fund $0 $0 ($128,147) ($132,604)
General Fund ($1,530,000) ($1,340,000) ($1,205,996) ($1,030,376)
Other Special Revenue Funds $1,530,000 $1,340,000 $1,205,996 $1,030,376
Fiscal Detail and Notes
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.