131st MAINE LEGISLATURE
LD 2028 LR 2807(02)
An Act to Amend Certain State Tax Laws
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
Minor revenue increase - General Fund
Minor revenue decrease - Other Special Revenue Funds
Fiscal Detail and Notes
This bill requires that transfers from the General Fund to several Other Special Revenue Fund accounts be calculated after the reduction of General Fund revenue for transfers of revenue attributable to tax collected on sales occurring on tribal lands. This will ensure that not more than 100% of revenue attributable to tax collected on sales occuring on tribal lands is transferred out of the General Fund and will result in minor decreases in revenue in the affected Other Special Revenue Funds accounts.