132nd MAINE LEGISLATURE
LD 1654 LR 1647(04)
An Act to Allow a Grace Period for the Payment of Excise Tax for Adult Use Cannabis Cultivation Facilities
Fiscal Note for Senate Amendment " " to Committee Amendment "A"
Sponsor: Sen. Rotundo of Androscoggin
Fiscal Note Required: Yes
             
Fiscal Note
FY 2025-26 FY 2026-27 Projections  FY 2027-28 Projections  FY 2028-29
Net Cost (Savings)
General Fund ($5,970,200) ($526,000) ($704,000) ($726,000)
Appropriations/Allocations
General Fund ($21,200) $0 $0 $0
Revenue
General Fund $5,949,000 $526,000 $704,000 $726,000
Other Special Revenue Funds $816,000 $77,000 $98,000 $100,000
Fiscal Detail and Notes
This amendment removes the provision establishing that payment of excise tax is due 120 days after filing for filing periods beginning on or after January 1, 2026 and reduces the General Fund revenue decrease by $5,949,000 in fiscal year 2025-26 and $526,000 in fiscal year 2026-27. As amended, the remaining revenue decrease will be $2,000 in fiscal year 2025-26 and $4,000 in in fiscal year 2026-27.

The amendment also reduces the revenue decrease to the Adult Use Cannabis Public Health and Safety and Municipal Opt-in Fund by $816,000 in fiscal year 2025-26 and $77,000 in fiscal year 2026-27.

Finally, the amendment removes the one-time General Fund appropriation to the Bureau of Revenue Services within the Department of Administrative and Financial Services of $21,200 in fiscal year 2025-26.