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.