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131st MAINE LEGISLATURE |
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LD 1363 |
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LR 420(02) |
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An Act to Support
Extraction of Common Minerals by Amending the Maine Metallic Mineral Mining
Act |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Environment and Natural Resources |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Current biennium cost increase - Other Special Revenue
Funds
Current biennium revenue increase - Other Special Revenue Funds
Current biennium revenue increase - General Fund
Current biennium revenue increase - Municipalities |
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Fiscal Detail
and Notes |
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This bill changes
the definition of "metallic mineral" to exclude certain activities
from the definition of "mining" in the Maine Metallic Mineral
Mining Act (MMMMA), allowing them to continue to be conducted under site
location or quarry rules issued by the Department of Environmental Protection
(DEP). The bill creates a process for
individuals to request a determination from DEP that certain activities
related to the definition of "metallic mineral" or
"mining" are exempt from provisions of the MMMMA, but are subject
to the provisions of rules governing site location or quarries. The bill requires that these exempted
activities remain subject to the mining excise tax. |
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This bill will
increase Other Special Revenue Funds revenue to the DEP from new site
location or quarry permits issued. If
applicants are approved, mining excise tax revenues would be received. Under
current statute, the revenue will reimburse municipalities and unorganized
territories for at least 50%, and if sufficiently available 100%, of the
property tax revenue loss suffered by that municipality or unorganized
territory as a result of property tax exemptions created under the mining
excise tax statute. 25% of any remaining revenues would be paid to DEP for
oversight of mining activity and 75% would be credited to the General Fund. |
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