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132nd MAINE LEGISLATURE |
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LD 807 |
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LR 1357(01) |
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An Act to Limit
the Number of Free Motor Vehicle Registrations That May Be Provided to a
Disabled Veteran and Reimburse Municipalities for the Loss of Excise Taxes |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Drinkwater of Milford |
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Committee: Transportation |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Net Cost
(Savings) |
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Highway Fund |
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$106,091 |
$102,031 |
$105,439 |
$108,970 |
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| Appropriations/Allocations |
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Highway Fund |
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$106,091 |
$102,031 |
$105,439 |
$108,970 |
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| Fiscal Detail
and Notes |
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The Department of
Secretary of State will require Highway Fund allocations of $106,091 in
fiscal year 2025-26 and $102,031 in fiscal year 2026-27 for one Office
Specialist I position and related costs to reimburse municipalities for lost
excise tax revenue from the exemption of these taxes. |
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