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132nd MAINE LEGISLATURE |
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LD 1942 |
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LR 2082(05) |
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An Act to Modify
Taxes Applying to Adult Use Cannabis, Hemp and Hemp Products |
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Fiscal Note for
Senate Amendment " " to Committee Amendment "A" |
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Sponsor: Sen. Grohoski of Hancock |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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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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General Fund |
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$0 |
($321,030) |
($746,400) |
($751,800) |
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| Appropriations/Allocations |
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General Fund |
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$0 |
($39,130) |
$0 |
$0 |
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| Revenue |
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General Fund |
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$0 |
$281,900 |
$746,400 |
$751,800 |
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Other Special Revenue Funds |
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$0 |
$22,100 |
$76,600 |
$77,200 |
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| Fiscal Detail
and Notes |
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This amendment
would reduce the revenue decrease to the General Fund by $281,900 in fiscal
year 2026-27, $746,400 in fiscal year 2027-28 and $751,800 in fiscal year
2028-29. The amendment would also decrease the revenue decrease to the Local
Government Fund and the Adult Use Cannabis Public Health and Safety Fund
totaling $22,100 in fiscal year 2026-27, $76,600 in fiscal year 2027-28 and
$77,200 in fiscal year 2028-29. The amendment also reduces the appropriation
for administrative expenses by $39,130 in fiscal year 2026-27. |
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